Compliance examination definition

Compliance examination means an examination of the vessel, its machinery, fittings and equipment, by an authorised person, to ascertain that the vessel’s structure, machinery, equipment and fittings comply with the requirements of the Code. At least part of the examination should be conducted when the vessel is out of the water.
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Compliance examination means an examination of the craft, its machinery, fittings and equipment, by an authorised person, to ascertain that the craft’s structure, machinery, fittings and equipment comply with the requirements of the Code. All examinations should be conducted when the craft is out of the water.
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Compliance examination means an examination of the vessel, its machinery, fittings and equipment, by an authorised person to ascertain that the vessel's structure, machinery, equipment and fittings comply with the requirements of the Code or alternative written safety requirements which have been set by the Certifying Authority and agreed with the Maritime and Coastguard Agency. At least part of the examination must be conducted when the vessel is out of the water. The Certifying Authority is to decide the extent of examination based on the type, age and history of the vessel;
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Examples of Compliance examination in a sentence

  • Compliance examination procedures were first revised in July, 2003, and have been updated periodically since then to make the compliance examination process more efficient and allow examiners to focus their examination efforts on compliance areas with the highest risk to both consumers and financial institutions.

  • Accordingly, IIROC has added a component to its Trading Conduct Compliance examination process to include a review of a firm’s compliance with its extended failed trade reporting obligations.

  • It gives researchers the ability to look at whatever they are studying in so many various aspects and can provide a bigger overview as opposed to other forms of research.

  • Status: The Compliance examination team has verified that all credit decisions regarding residential mortgages are made locally, with the exception of the unique VA and 203K mortgage products (business necessity dictates that these mortgages be underwritten in a central location).

  • For instance, at § 489.53(a)(3), failure to continue to meet the appropriate conditions of participation or requirements for SNFs and NFs set forth elsewhere in this chapter would be grounds for termination by CMS.

  • To assess the quality of financial compliance examinations, Staff reviewed a sample of 19 Financial Compliance examination files of Level 2 and 3 members, 17 Financial Compliance examination files of Level 4 members2, and 39 Financial Questionnaires and Reports.

  • The Manager is responsible for all decisions regarding roster requests with regard to their impact on staffing requirements and service delivery.

  • Compliance examination results are communicated to DSRE PKI management and others deemed appropriate by management.

  • During the meetings, employees of the Compliance section ask representatives of MDAs for the comments on the status of implementing the NIS within the institution and ask to fill in the Compliance examination matrixes.3. Then, MDAs fill out the Compliance examination matrixes and send them to the Compliance section.

  • Staff reviewed the policies and procedures used by Sales Compliance staff, including the Sales Compliance Risk Model, Sales Compliance Examination Program, the Compliance Officer Manual and the Sales Compliance examination schedules.


More Definitions of Compliance examination

Compliance examination means an examination of the ship, its machinery, fittings and equipment, by an authorised person, to ascertain that the ship’s structure, machinery, fittings and equipment comply with the requirements of the Code. Part of the examination should be conducted when the ship is out of the water. Part of the examination should be conducted when the ship is in the water. For simple waterborne craft (e.g. RHIBs) of a design, with no through hull fittings below the water line the Responsible Organisation may exercise discretion in carrying out the compliance examination entirely out of the water.
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Compliance examination means an examination of the vessel, its machinery, fittings and equipment, and the operational effectiveness of the vessel and crew, by a Competent Person, or persons, to ascertain that the vessel’s structure, machinery, equipment and fittings comply with the requirements of the Code and that the vessel, its crew and shore support arrangements meet the required operational standard. Part of the examination should be conducted when the vessel is out of the water;
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Related to Compliance examination

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Medical examination means the preliminary assessment of a person by an authorized health worker or by a person under the direct supervision of the competent authority, to determine the person’s health status and potential public health risk to others, and may include the scrutiny of health documents, and a physical examination when justified by the circumstances of the individual case;

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Assessment of Compliance As defined in Section 3.21.

  • Initial Environmental Examination or “IEE” means an initial environmental examination for a Subproject, including any update thereto, prepared and submitted by the Borrower pursuant to the requirements set forth in the EARF and cleared by ADB;

  • Physical examination means the assessment of an individual’s health by a professional licensed to practice medicine or osteopathy, or by an advanced practice nurse or physician assistant.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Practical examination means a demonstration through application of the safety rules and principles in industrial radiography including use of all procedures and equipment to be used by radiographic personnel.

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Compliance Department means the Chief Compliance Officer of Federated and those other individuals designated by him or her as responsible for implementing this Code and the Associated Procedures.

  • Compliance Report means, as applicable in relation to the test being conducted, a report containing the results of the Compliance Tests carried out by State Street.

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Covenant Compliance Event means, at any time, Availability is less than the greater of (i) ten percent (10%) of the Loan Cap and (ii) $15,000,000. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Controller of Examinations means the Controller of Examinations of the University;

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Compliance Forester means the DNR staff person(s) identified in the Pre-Work Conference who perform the compliance inspections, approve Work, recommend payment to the Contract Manager, and manage the Work Schedule.

  • Recertification means the process by which a client’s eligibility to continue to receive child care assistance benefits are determined.

  • LEGAL COMPLIANCE This Agreement and any transaction with, or payment to, you pursuant to the terms hereof is conditioned on your representation to us that, as of the date of this Agreement you are, and at all times during its effectiveness you will be, a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934 (or other financial institution) and not otherwise required to register as a broker or dealer under such Act. You agree to notify us promptly in writing if this representation ceases to be true. You also agree that, regardless of whether you are a member of the NASD, you will comply with the rules of the NASD, including, in particular, Sections 2310, IM 2310-2, and 2830 of the NASD Conduct Rules, and that you will maintain adequate records with respect to your customers and their transactions, and that such transactions will be without recourse against you by your customers. We recognize that, in addition to applicable provisions of state and federal securities laws, you may be subject to the provisions of the Xxxxx-Xxxxxxxx Act and other laws governing, among other things, the conduct of activities by federal and state chartered and supervised financial institutions and their affiliated organizations. As such, you may be restricted in the activities that you may undertake and for which you may be paid, and, therefore, we recognize that you will not perform activities that are inconsistent with your statutory and regulatory obligations. Because you will be the only one having a direct relationship with the customer, you will be responsible in that relationship for insuring compliance with all laws and regulations, including those of all applicable federal and state regulatory authorities and bodies having jurisdiction over you or your customers to the extent applicable to securities purchases hereunder.

  • Qualifying Examination means examinations on the basis of which a candidate becomes eligible for admission or its equivalent examination;

  • Document of Compliance has the meaning given to it in the ISM Code.

  • Compliance year means the calendar year beginning with June 1 and ending with May 31 of the following year, for which a Retail Electricity Supplier must demonstrate that it has met the requirements of this Regulation.

  • Compliance Costs means all expenses, commitments or obligations in excess of one million dollars ($1,000,000) incurred by Carrier or required to be incurred by Carrier to comply with a Change in Law, irrespective of whether such expenses, commitments or obligations are to be incurred as a one-time expenditure or periodically for an extended period.