Approved Person definition

Approved Person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

Approved Person means an individual authorised by the Relevant Authority to perform a controlled function within the Credit Union.

Approved Person means any employee of Contractor or any subcontractor who (i) has been screened and approved by the Judicial Council pursuant to the Judicial Council Screening Process and (ii) when working in a the Facility, has passed any additional Court-required screening and background check requirements which that Court requires of contractors working in that Facility, as described in the above section relating to Court-required screening.

Examples of Approved Person in a sentence

• TheBoardofDirectorsmayappointanominatingCommitteeofnotlessthan3MembersoftheCreditUnion.ThenominatingCommitteeshallascertainthenumberofvacantOfficerpostsrequiringcandidatesandensurethatthereisatleastonesuitablecandidatetorecommendtotheAnnualGeneralMeetingforeachvacancy.Inmakingtheirrecommendation,thenominatingCommitteeshallascertainthatthenominee is ‘fit and proper’ to become an Approved Person.

• A newly elected person refused Approved Person status by the Regulator is required to resign their position immediately and shall not be permitted to take an active role in the management of the Credit Union.

• A Credit Union must not make a loan to a relative of, or any person otherwise connected with, a member of the Board of Directors, an Officer, an Approved Person or employee of the Credit Union on terms more favourable than those available to other Members of the Credit Union.

• In order to ensure the continuation of the Credit Union, a Special General Meeting which results in a vote of no confidence in the Board of Directors, and removal of one or more Board members from their position, will require any newly elected Officer to apply for, and obtain Approved Person status immediately following their election and before carrying out the function.

• The Board may delegate powers to the Nominations Committee to manage applications for Approved Person status under SM&CR.

More Definitions of Approved Person

Approved Person means a person —

Approved Person means a person approved by the Minister;

Approved Person means an individual who is a partner, director, officer, compliance officer, branch manager, or alternate branch manager, employee or agent of the Member who (i) is registered or permitted, where required by applicable securities legislation, by the securities commission having jurisdiction, or (ii) submits to the jurisdiction of the Corporation;

Approved Person means a taxable person whose application to be an approved person has been granted by the Comptroller under paragraph (5);

Approved Person means any person who is approved by the Director, by certificate in writing, to carry out examinations of steam receivers in accordance with, and for the purposes of, this section and to issue the certificate referred to in subsection (6);

Approved Person means a person who holds a current approval;

Approved Person means an eligible person approved in writing by the Authority for the purposes of this section. [Section 47 amended by No. 28 of 2006 s. 332.]