Foreign Exchange Controls definition

Foreign Exchange Controls. The PRC government still imposes exchange controls making it impossible to freely convert local currency into other currencies. The imposition of currency controls by the PRC government may negatively impact performance and liquidity in a Portfolio as capital may become trapped in the PRC. Since 2005, the exchange rate of the RMB has not been pegged to the US Dollar and has moved to a managed floating exchange rate based on market supply and demand with reference to a basket of foreign currencies. The daily trading price of RMB against other major currencies in the inter-bank foreign exchange market would be allowed to float within a narrow band around the central parity published by the PRC. As the exchange rates are based primarily on market forces, the exchange rates for RMB against other currencies are susceptible to movements based on external factors. It should be noted that RMB is currently not a freely convertible currency as it is subject to foreign exchange control policies of the PRC government. The possibility that the appreciation of RMB will be accelerated cannot be excluded. On the other hand, there can be no assurance that RMB will not be subject to devaluation. Any devaluation of RMB could adversely affect the value of investors’ investments in a Portfolio. Further, the PRC government’s imposition of restrictions on the repatriation of RMB out of the PRC may limit the depth of the RMB market in Hong Kong and reduce the liquidity of a Portfolio’s investments. The PRC government’s policies on exchange control and repatriation restrictions are subject to change and a Portfolio’s or the investors’ position may be adversely affected. Investors may be adversely affected by movements of exchange rates between the RMB and other currencies: Where a Portfolio invests in RMB-denominated assets, currency risk arises where (i) an investor subscribes to Shares (denominated in a non-RMB currency) and the subscription monies (denominated in a non-RMB currency) are converted into RMB in order to make RMB-denominated portfolio investments, and (ii) RMB-denominated portfolio investments are liquidated and RMB funds are converted back into the relevant currency to pay redemption proceeds. The calculation of the Net Asset Value of any Class not denominated in RMB will also be adversely impacted by movements in the exchange rate between the RMB and the Base Currency of the Portfolio.
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Foreign Exchange Controls. Management's Discussion and Analysis of Financial Condition and Results of Operations--Taxes," "Business--Legal Proceedings," "Telecommunications Regulations," "Management," "Principal and Selling Shareholders," "Certain Relationships and Transactions with Related Parties," "Description of Capital Stock," "Tax Considerations" and "Settlement on Delivery," in the Prospectus and Items 14 and 15 of Part II of the Registration Statement, insofar as such statements constitute summaries of legal matters arising under or documents governed by Polish law, fairly summarize the information relating thereto in all material respects; PROVIDED that such counsel may state that they express no opinion as to the reasonableness, completeness or fairness of those statements in the context of a Registration Statement or Prospectus used in the United States of America;
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Foreign Exchange Controls. Dividend Policy," "Exchange Rates," "Business," "Management," "Principal Shareholders," "Description of Capital Stock," and "United States Tax Considerations," to the extent such statements relate to matters of Dominican law or regulation or to the provisions of documents therein described, are true and accurate in all material respects and are confirmed as of each applicable Closing Date; nothing has been omitted from such statements which would make the same misleading in any material respect;
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Examples of Foreign Exchange Controls in a sentence

  • The Foreign Exchange and Foreign Trade Control Law of Japan, as amended, and cabinet orders and minsterial ordinances thereunder currently in effect (the "Foreign Exchange Controls"), give the Minister of Finance the power, in certain limited and exceptional circumstances, to require prior approval for any such acquisition.

  • Under the Foreign Exchange Controls, dividends paid on shares held by non-residents of Japan and the proceeds of any sales of shares within Japan may, in general, be converted into any foreign currency and remitted abroad.

  • Such Ministers may make a recommendation to modify or prohibit the proposed acquisition if they consider that such acquisition falls under certain limited conditions specified in the Foreign Exchange Controls.

  • There can be no assurance that under the Foreign Exchange Controls the Minister of Finance will not require prior approval for an acquisition by the Fund of shares listed on the First Section of the Tokyo Stock Exchange, or that the Minister of Finance or any other Minister will not recommend modification or prohibition of the direct or indirect acquisition by the Fund of greater than 10% of the shares of a Japanese corporation.

  • In instances where such acquisition concerns national security or meets certain other conditions specified in the Foreign Exchange Controls, such foreign investor must file a prior notification in respect of the proposed acquisition with the Minister of Finance and any other Minister with proper jurisdiction.

  • Foreign Exchange Controls Under current French foreign exchange control regulations there are no limitations on the amount of cash payments that we may remit to residents of foreign countries.

  • Response: We have received a legal opinion from our Chinese legal counsel with respect to the issues discussed in the section entitled “Notice Concerning Foreign Exchange Controls on Domestic Residents’ Financing and Roundtrip Investment Through Offshore Special Purpose Vehicles”.

  • Currency Fluctuation and Foreign Exchange Controls The Company maintains a portion of its funds in U.S. dollar denominated accounts.

Related to Foreign Exchange Controls

  • Foreign Exchange (FX) means a service whereby calls either originated by or delivered to a customer who has purchased FX service from the state or interstate tariffs of either Party. FX also includes, but is not limited to, FX-like services provided by either Party where calls are originated from and/or delivered to numbers which are assigned to a Rate Center within one local calling area but where the Party receiving the call is physically located outside of that local calling area. FX service can be either interLATA or intraLATA. InterLATA FX, where the originating and receiving parties are physically located in different LATAs, is considered equivalent to FGA and the intercarrier compensation mechanism is the same as FGA. IntraLATA FX, when provided by two or more local exchange carriers “LECs”, is considered a jointly provided service and meet-point billed by those providing it utilizing a mutually agreed to meet-point billing, or meet-point billing like procedure.

  • Foreign Exchange (FX) or “FX-like” Service means a retail service offering which allows FX End Users to obtain Exchange Service from a mandatory local calling area other than the mandatory local calling area where the FX End User is physically located, but within the same LATA as the number that is assigned. FX Service enables particular End Users to avoid what might otherwise be toll calls between the FX End User’s physical location and other End Users in the foreign exchange.

  • Exchange Contract means a contract for a Commodity approved by SFC and HKFE for trading on one of the markets from time to time established and operated by HKFE which may result in a Futures Contract and/or an Option Contract;

  • Export Controls Software available on the Services is further subject to United States Export Controls. No software available on the Services may be downloaded or exported (i) into (or to a national or resident of) any country to which the United States has embargoed goods; or (ii) to anyone on the United States Treasury Department's list of Specially Designated Nationals or using the Commerce Department's Table of Deny Orders. By downloading any Software, you represent and warrant that you are not located in, or under the control of, or a national or resident of any such country or on any such list.

  • Consumer reporting agency means any person that, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information concerning consumers for the purpose of furnishing consumer credit reports to third parties.

  • CFTC means the Commodity Futures Trading Commission.

  • Change Control means the process set out in Section 2.6.

  • Information Regulator means the Information Regulator as established in terms of Section 39 of POPIA;

  • Institutional Controls or “ICs” shall mean Proprietary Controls and state or local laws, regulations, ordinances, zoning restrictions, or other governmental controls or notices that: (a) limit land, water, or other resource use to minimize the potential for human exposure to Waste Material at or in connection with the Site; (b) limit land, water, or other resource use to implement, ensure non-interference with, or ensure the protectiveness of the RA; and/or (c) provide information intended to modify or guide human behavior at or in connection with the Site.

  • Interim controls means a set of measures designed to temporarily reduce human exposure or likely exposure to lead-based paint hazards, including specialized cleaning, repairs, maintenance, painting, temporary containment, ongoing monitoring of lead-based paint hazards or potential hazards, and the establishment and operation of management and resident education programs.

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • Securities and Exchange Commission means the United States Securities and Exchange Commission.

  • foreign regulatory authority means a securities commission, exchange or other securities market regulatory authority in a designated foreign jurisdiction;

  • Rapid(ly) report(ing means within 72 hours of discovery of any cyber incident.

  • Culinary water authority means the department, agency, or public entity with

  • Form, fit, and function data means technical data that describes the required overall physical, functional, and performance characteristics (along with the qualification requirements, if applicable) of an item, component, or process to the extent necessary to permit identification of physically and functionally interchangeable items.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Interconnection Regulations means the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017 (as amended).

  • Engineering controls means constructed containment barriers or systems that control one or more of the following: downward migration, infiltration, or seepage of surface runoff or rain; or natural leaching migration of contaminants through the subsurface over time. Examples include caps, engineered bottom barriers, immobilization processes, and vertical barriers.

  • securities regulatory authority or “SRA” means a body created by statute in any Canadian or foreign jurisdiction to administer securities law, regulation and policy (e.g. securities commission), but does not include an exchange or other self regulatory entity;

  • Foreign Exchange Rate means, with respect to any currency other than United States dollars, as of any date of determination, the rate set forth in the exchange rate section of The Wall Street Journal or, if not published in The Wall Street Journal, then the average of the opening bid and asked rates on such date at which such currency may be exchanged for United States dollars as quoted by JPMorgan Chase Bank, National Association (or any successor thereto or other major money center commercial bank agreed to by the Parties).

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Proprietary Controls means easements or covenants running with the land that (a) limit land, water, or other resource use and/or provide access rights and (b) are created pursuant to common law or statutory law by an instrument that is recorded in the appropriate land records office.

  • Transparency Reports means a report in accordance with Schedule 7 Part 1 (Transparency Reports) containing the contract information as set out in the table for that Part for publication by the Authority in the interests of transparency.

  • State implementation plan or “SIP” means the plan adopted by the state of Iowa and approved by the Administrator which provides for implementation, maintenance, and enforcement of such primary and secondary ambient air quality standards as they are adopted by the Administrator, pursuant to the Act.