Examples of Prudential Requirements in a sentence
CCP Question 21 [last update 21 May 2014] Guideline and Recommendation 3(b)(v) – Prudential Requirements Pursuant to Guideline and Recommendation 3(b)(v) of the ESMA Guidelines and Recommendations for establishing consistent, efficient and effective assessments of interoperability arrangements, interoperable CCPs are not allowed to contribute to each other’s default funds or other financial resources (as such are defined in Article 43 of EMIR).
A Request may lapse if, on assignment of a controlling interest in the shares of the Prospective User, the assignee fails to provide a guarantee as required by Service Provider or to meet the Prudential Requirements.
In particular, please refer to section 7 of Chapter 2 of the market rules and the Market Operations - Prudential Requirements market manual.
Subdivision 3 Prudential Requirements 478 Provision of security (1) Subject to subrule (2), a Trading Participant must provide and maintain a security complying with the requirements of this Subdivision.Note:This subrule is classified as a civil penalty provision under the National Gas (South Australian) Regulations.
On the expiry of this Agreement, the Company will, in accordance with the Access Undertaking, offer to enter into a new agreement with the Client in respect of the provision of Standard Port Terminal Services provided that the Client meets the Prudential Requirements (as defined in the Access Undertaking).