Examples of BoI Regulations in a sentence
Controls over the transaction The BoI Regulations lay down rules on controls over transactions involving the issuance of covered bonds.
The BoI Regulations also contain certain provisions on the asset monitor, who is delegated to carry out controls over the regularity of the transaction and the integrity of the Guarantor (the Asset Monitor).
Pursuant to the BoI Regulations, the Asset Monitor shall be an auditing firm having professional experience which is adequate in relation to the tasks entrusted with the same and independent from:(a) the audit firm entrusted with the auditing of the issuing bank; (b) the bank which is granting the relevant mandate; and (c) the other entities which take part to the transaction.
The Limits to the Assignment do not apply to Integration (as defined below) of the portfolio, provided that Integration is allowed exclusively within the limits set out by the BoI Regulations.
The BoI Regulations set out certain limits to the possibility for banks to assign eligible assets, which are based on the level of the consolidated solvency ratio (CSR) and the “tier 1 ratio” (the T1R), in accordance with the following grid, contained in the BoI Regulations: Capital adequacy condition Limits to the assignment Group “A”CSR > 11 per cent.
Controls over the transaction The BoI Regulations require that certain controls be performed by the Issuer (see “Selected aspects of Italian law – Controls over the transaction”), aimed, inter alia, at mitigating the risk that any obligation of the Issuer or the Guarantor under the Covered Bonds is not complied with.
Lim its to Integration Under the BoI Regulations, the integration of the Cover Pool, whether through Eligible Assets o r through Integration Assets shall be carried out in accordance with the methods, and subject to the limits, set o ut in the BoI Regulations (see “Selected aspects of Italian law – Testsset out in the MEF Decree”).
However investors should consider that, in accordance with the BoI Regulations, a qualified entity (being an auditing firm) has been appointed as asset monitor in the context of the Programme to carry out controls on the regularity of the transaction (regolarità dell’operazione) and the integrity of the Guarantee (integrità della garanzia) (see "Description of the Asset Monitor").
Controls over the transaction The BoI Regulations require that certain controls be performed by the Issuer (see “Selected aspects of Italian law – Controls over the transaction ”), aimed, inter alia, at mitigating the risk that any obligation of the Issuer or the Guarantor under the Covered Bonds is not complied with.
The BoI Regulations set out certain limits to the possibility for banks to assign eligible assets, which are based on the level of the consolidated solvency ratio (CSR) and the “tier 1 ratio” (the T1R), in accordance with the following grid, contained in the BoI Regulations: Capital adequacy condition Limits to the assignment Group “A” CSR > 11 per cent.