Bermuda Monetary Authority definition

Bermuda Monetary Authority means the Bermuda Monetary Authority established under the Bermuda Monetary Authority Act 1969;
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Bermuda Monetary Authority means the regulatory authority in Bermuda that is responsible for the registration and on-going supervision of the Reinsurer.
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Bermuda Monetary Authority means the governing insurance regulatory authority of the Bermuda Government.
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Examples of Bermuda Monetary Authority in a sentence

  • The Plan and this Agreement are not subject to, and have not received approval from either the Bermuda Monetary Authority or the Registrar of Companies in Bermuda and no statement to the contrary, explicit or implicit, is authorized to be made in this regard.

  • GWM LTD was incorporated in Bermuda in December 2014 and is licensed to conduct investment business by the Bermuda Monetary Authority.

  • The Bermuda Monetary Authority granted approval to GWM LTD for a license under section 16 of the Investment Business Act 2003.

  • Enforcement of such a judgment against assets in Bermuda may involve the conversion of the judgment debt into Bermuda dollars, but the Bermuda Monetary Authority has indicated that its present policy is to give the consents necessary to enable recovery in the currency of the obligation.

  • The Award Agreement is not subject to and has not received approval from the Bermuda Monetary Authority and the Registrar of Companies in Bermuda, and no statement to the contrary, explicit or implicit, is authorized to be made in this regard.

  • Orbis Group Equity Trustees has appointed Orbis Investment Management Limited (Orbis), a company incorporated in Bermuda and licensed by the Bermuda Monetary Authority, to invest and manage the Fund’s assets according to the investment guidelines in this PDS.

  • The Dubai Financial Services Authority (DFSA) and Bermuda Monetary Authority (BMA)Now Health International Limited is regulated by the DFSA.The DFSA is the sole independent financial regulator for the Dubai International Financial Centre (DIFC).

  • The Bermuda Monetary Authority acts as the group supervisor of AXIS Capital.

  • On January 19, 2001, the Company received its certificate of continuance from the Bermuda Monetary Authority in accordance with section 132C (4) (d) of the Companies Act 1981 of Bermuda.

  • The discount rate term structures are prescribed by the Bermuda Monetary Authority for each reporting period.


More Definitions of Bermuda Monetary Authority

Bermuda Monetary Authority. In order to reflect the requirements set by the BMA, to permit the subordinated notes to qualify as Tier 2 Capital of the Guarantor or the Insurance Group, each holder of subordinated notes is deemed to agree and acknowledge that the subordinated notes and the guarantee will be subordinated to the claims of all Senior Creditors (as defined in the prospectus supplement) on the terms and to the minimum extent necessary under BMA regulatory requirements. By purchasing the subordinated notes, each holder is deemed to agree and acknowledge that no security of any kind is, or will at any time be, provided by the Issuer, the Guarantor or any of their respective affiliates to secure the rights of holders of the subordinated notes.
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Bermuda Monetary Authority means that quasi-governmental authority of similar name in Bermuda and, where applicable, includes any Bermuda governmental authority, department or agency that performs similar functions.
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Related to Bermuda Monetary Authority

  • Highway authority means the state highway commission, a board of county road commissioners or the governing body of a city or village.

  • statutory authority This agreement implements Iowa Code § 280.25 and is consistent with 34 C.F.R. 99.38 (2012).

  • Insurance Regulatory Authority means, with respect to any Insurance Subsidiary, the insurance department or similar Governmental Authority charged with regulating insurance companies or insurance holding companies, in its jurisdiction of domicile and, to the extent that it has regulatory authority over such Insurance Subsidiary, in each other jurisdiction in which such Insurance Subsidiary conducts business or is licensed to conduct business.

  • Supervisory Authority means an independent public authority which is established by an EU Member State pursuant to the GDPR.

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

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in (x) the state or other jurisdiction in which such Insurance Subsidiary is domiciled or (y) to the extent asserting regulatory jurisdiction over such Insurance Subsidiary, the insurance department, authority or agency in each state or other jurisdiction in which such Insurance Subsidiary is licensed, and shall include any Federal insurance regulatory department, authority or agency that may be created in the future and that asserts regulatory jurisdiction over such Insurance Subsidiary.

  • Regulatory Authority means any federal, national, multinational, state, county, city, provincial, or local regulatory agency, department, bureau or other governmental entity with authority over the marketing, commercialization, manufacture or sale of a pharmaceutical product in the Territory, including the FDA in the United States and the EMA in the EU.

  • Bank Regulator means any Federal or state banking regulator, including but not limited to the OCC and the FRB, which regulates NBT, NBT Bank, Evans or Evans Bank, or any of their respective subsidiaries, as the case may be.

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

  • Competent Supervisory Authority means a supervisory authority which has jurisdiction in relation to the activities of a controller or processor under European data protection law in a particular Member State;

  • public authority means any authority or body or institution of self- government established or constituted—

  • OCC means the Office of the Comptroller of the Currency.

  • Securities Regulatory Authorities means the securities commission or similar regulatory authority in each province and territory of Canada that is responsible for administering the Canadian securities legislation in force in such jurisdictions;

  • Canadian Securities Regulatory Authorities means the securities regulatory authorities in each of the provinces and territories of Canada;

  • Governmental or Regulatory Authority means any court, tribunal, arbitrator, authority, agency, commission, official or other instrumentality of the United States, any foreign country or any domestic or foreign state, county, city or other political subdivision.

  • Regulator means, with respect to any person, any Government Authority charged with regulating, supervising or examining such person and its Affiliates.

  • Regulatory Authorizations means all approvals, clearances, authorizations, registrations, certifications, licenses and permits granted by any Regulatory Authority, including all INDs and NDAs.

  • County authority means the board of county commissioners,

  • Control authority means the commissioner of the Indiana Department of Environmental Management.

  • Governmental Antitrust Authority has the meaning set forth in Section 5.11(b).

  • Public Procurement Regulatory Authority (PPRA) means the Government Agency responsible for oversight of public procurement.

  • Disciplinary Authority means the authority specified in the Schedule which is competent to impose on an Officer employee any of the penalties specified in regulation 4;

  • Authority Having Jurisdiction means a federal, state, local, or other regional department, or an individual such as a fire marshal, building official, electrical inspector, utility provider or other individual having statutory authority.

  • Governmental Agency means an executive, legislative, or judicial agency, department, board, commission, authority, institution, or instrumentality of the federal government or of a state or of a county, municipality, or other political subdivision of a state.

  • Relevant Electric Retail Regulatory Authority means an entity that has jurisdiction over and establishes prices and policies for competition for providers of retail electric service to end- customers, such as the city council for a municipal utility, the governing board of a cooperative utility, the state public utility commission or any other such entity.