Central Bank Regulations definition
Examples of Central Bank Regulations in a sentence
Collateral received must, at all times, meet with the specific criteria outlined in the Central Bank Regulations, in particular, the Investment Manager, on behalf of each Fund, shall apply suitably conservative haircuts to assets being received as collateral where appropriate on the basis of an assessment of the characteristics of the assets such as the credit standing or the price volatility, as well as the outcome of any stress tests performed as referred to above.
To the extent that a Fund avails of the increased issuer exposure facility in section 5(ii) of Schedule 3 of the Central Bank Regulations, such increased issuer exposure may be to any of the issuers listed in section 2.12 of the "Permitted Investments" section of the Prospectus.
The Central Bank Regulations introduce the concept of the responsible person, being the party responsible for compliance with the relevant requirements of the Central Bank Regulations on behalf of a particular Irish authorised UCITS.
To the extent that a Fund avails of the increased issuer exposure facility in section 5(ii) of Schedule 3 of the Central Bank Regulations, such increased issuer exposure may be to any of the issuers listed in the Prospectus.
Where a Fund uses the "value-at-risk" (VaR) approach to measure market risk, the Company will ensure that a Fund’s market risk relating to the use of FDIs is in accordance with the Central Bank Regulations and the limits contained therein and that counterparty risk exposure to any OTC derivative transactions shall never exceed the limits permitted under the UCITS Regulations.