CIFS Scheme definition

CIFS Scheme means the Credit Institutions (Financial Support) Scheme 2008 (S.I. No. 411 of 2008);
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CIFS Scheme means the Credit Institutions (Financial Support) Scheme 2008. “CIRA” means the Central Bank and Credit Institutions (Resolution) Act 2011.
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CIFS Scheme means the Credit Institutions (Financial Support) Scheme 2008. “CIRA” means the Central Bank and Credit Institutions (Resolution) Act 2011. “CIROC” means the Covered Institutions Remuneration Oversight Committee. “Commitments” means any commitments under the Approval Decision.
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Examples of CIFS Scheme in a sentence

  • In addition to these contractual rights, the Government also has certain statutory powers under the NAMA Act, the CIFS Scheme and the ELG Scheme.

  • Also, the Minister for Finance is required to be consulted in connection with the exercise of certain rights and powers which the Central Bank has under the CIFS Scheme and the ELG Scheme.

  • The terms and conditions of the CIFS Scheme and the ELG Scheme place certain restrictions on, and require the Group to submit to a degree of governmental regulation in relation to, the operation of the Group’s business.

  • The fees payable under the CIFS Scheme relate to the average balances of covered liabilities during the period, including liabilities that may have existed at the date of the introduction of the scheme.

  • This differed from the earlier guarantee scheme, CIFS, which included senior unsecured debt, asset covered securities, and dated subordinated debt (S.I. No. 411/2008).Another crucial difference from the CIFS Scheme was that in order to obtain a guarantee under the ELG Scheme, participating institutions had to apply to the Minister for Finance for a guarantee of a stand-alone liability or for a guarantee covering liabilities issued through programs (European Commission 2009a).

  • Those measures include the introduction of the CIFS Scheme and the ELG Scheme, direct investments into certain credit institutions (in AIB’s case, in the form of the NPRFC Investment and the December 2010 Capital Increase), the introduction of the NAMA Programme and the enactment of the Stabilisation Act.

  • CIFS SchemeThe CIFS Scheme (which expired on 29 September 2010) was announced by the Government on 30 September 2008, under which the Minister for Finance guaranteed specific categories of liabilities of participating Irish credit institutions (including AIB and certain of its subsidiaries) for a two-year period from 30 September 2008 to 29 September 2010.

  • Under the terms of the CIFS Scheme the Central Bank in consultation with the Minister regulated the commercial conduct of covered institutions strictly in order to achieve the objectives of this scheme.

  • If a debt security was guaranteed under the 2008 CIFS Scheme, it was not possible for it to be also guaranteed under the ELG Scheme.

  • The funding position of the Group could be impacted by the termination, amendment or cancellation of the CIFS Scheme, or removal of the Group from the scheme prior to its termination.


More Definitions of CIFS Scheme

CIFS Scheme means the Credit Institutions (Financial Support) Scheme 2008. “CIRA” means the Central Bank and Credit Institutions (Resolution) Act 2011. “CIROC” means the Covered Institutions Remuneration Oversight Committee. “CNV Shares” means convertible non-voting shares in the Bank of EUR0.32 each. “Commitments” means any commitments under the Approval Decision.
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CIFS Scheme means the Credit Institutions (Financial Support) Scheme 2008.
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Related to CIFS Scheme

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • relevant scheme means any other scheme approved or seeking approval under Chapter 1 Part XIV of the Act and in respect of a Class A Member who is a Controlling Director also any retirement annuity contract or trust scheme approved under Chapter III Part XIV or any personal pension scheme as approved under Chapter IV Part XIV of the Act insofar as it provides benefits secured by contributions in respect of Service.

  • Exempt Newco Scheme means a Newco Scheme where, immediately after completion of the relevant Scheme of Arrangement, the ordinary shares or units or equivalent of Newco (or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco) are (i) admitted to trading on the Relevant Stock Exchange or (ii) admitted to listing on such other Regulated Market as the Issuer or Newco may determine;

  • transfer scheme means a property transfer scheme under section 300 of the Health and Social Care Act 2012 (transfer schemes) that transfers the rights and liabilities of a Primary Care Trust under arrangements for the provision of pharmaceutical services to other persons.

  • Scheme means the Water Regulations Advisory Scheme;

  • Pension Schemes means the Nord Anglia Joint Pension Scheme, the Wyburn School Limited Pension Life Assurance Scheme (1985) and the Lifetime Pension Scheme, and “Pension Scheme” means any one of them.

  • Traineeship Scheme means an approved traineeship applicable to a group or class of employees or to an industry or sector of an industry or an enterprise. A traineeship scheme shall not be given approval unless consultation and negotiation with the union upon the terms of the proposed traineeship scheme and the traineeship have occurred. An application for approval of a traineeship scheme shall identify the union and demonstrate to the satisfaction of the approving authority that the abovementioned consultation and negotiation have occurred.

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Demerger means a demerger pursuant to Chapter 17 of the Finnish Companies Act (624/2006 as amended from time to time).

  • the Scheme means the Local Government Pension Scheme in

  • certification scheme means the ‘Human Services Scheme Part 1 – Common requirements for bodies certifying Human Services’ and ‘Human Services Scheme Part 2 – Additional requirements for bodies certifying Human Services in Queensland’ approved by XXX-ANZ under which bodies accredited by XXX-ANZ can, through Certification Audits, certify and re-certify that an organisation is delivering human services in compliance with the Quality Standards, published on the website at

  • UKLA means the United Kingdom Listing Authority.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Scheme Rules means the applicable SEPA direct debit or credit transfer scheme rules of the European Payments Council as amended from time to time.

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • UK CRR means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms of the European Parliament and of the Council of 26 June 2013, as amended or supplemented, as it forms part of domestic law in the UK by virtue of the EUWA.

  • approved scheme means a share option scheme, other than a savings-related share option scheme, approved under Schedule 4.

  • Foreign Government Scheme or Arrangement has the meaning specified in Section 5.12(d).

  • XXXXX’s Repertoire and/or “Repertoire”, means all Works of Music of XXXXX’s Members in respect of which XXXXX holds rights of Performance, including the Works of Music of the Members of the Affiliated Societies. A list of all XXXXX’s Members, as updated from time to time, is available on XXXXX’s website.

  • Scheme Record Time means the time and date specified as such in the Scheme Document, expected to be 6.00 p.m. on the Business Day immediately preceding the Effective Date or such other time as Codemasters and Take-Two may agree;

  • Pensions Regulator means the body corporate called the Pensions Regulator established under Part I of the Pensions Xxx 0000.

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • land use scheme means the land use scheme adopted and approved in terms of Chapter 3 and for the purpose of these By-laws include an existing scheme until such time as the existing scheme is replaced by the adopted and approved land use scheme.

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));