Financial Resources Requirement definition

Financial Resources Requirement has the meaning given it in the Financial Rules;
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Financial Resources Requirement means the requirement defined in Schedule 1 of the Securities Investment Business (Financial Requirements and Standards) Regulations, 2003;
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Financial Resources Requirement means the financial resources requirement which the Principal is, pursuant to its Investment Services Licence, required to maintain at any particular time;
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Examples of Financial Resources Requirement in a sentence

  • The meaning of own funds and the capital resources requirement applicable to the different categories of Licence Holders, as well as the methodology for calculating a Licence Holder’s satisfaction of its Financial Resources Requirement, are set out in Appendix 1.

  • The TMTP has been calculated on a basis approved by the PRA which seeks to encapsulate the difference between the total Financial Resources Requirement under the previous Solvency I regime and the new Solvency II regime as at 31 December 2015.

  • This shall constitute the Licence Holder’s Financial Resources Requirement.

  • Capital requirement The Firm’s Pillar 1 capital requirement has been determined by reference to the Firm’s Financial Resources Requirement FRR and calculated in accordance with the FCA’s rules for Exempt BIPRU Commodities Firms, which require it to comply with IPRU-INV.

  • The President, President-Elect, Immediate Past President, the Secretary-Treasurer, and five elected governors shall be voting members of the Board.

  • A background of the conflict in Syria and Iraq as well as three different groups of foreign fighters have been introduced.

  • This will require the Group to satisfy the FSA that repayment of the loans would not cause the Group to breach its Financial Resources Requirement in relation to its regulatory capital position.

  • The Financial Resources Requirement does not bite.The following table shows the effect on IPLL’s balance sheet as at 31 December 2017 of applying the recalculated TMTP.

  • Form FIN- 4: Financial Resources Requirement Bidders (or each Joint Venture partner) should provide information on their current commitments on all contracts that have been awarded, or for which a letter of intent or acceptance has been received, or for contracts approaching completion, but for which an unqualified, full completion certificate has yet to be issued.

  • Financial Resources Requirement Line of Credit Agreement between TMP Finance and Trans Mountain Pipeline, ULC.It also appears that Trans Mountain is paying twice for the same protection.


More Definitions of Financial Resources Requirement

Financial Resources Requirement means the requirement calculated in accordance with Schedule 1 and any relevant guidance issued by the Authority under section 12;
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Financial Resources Requirement has the meaning given in the Financial Rules;
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Financial Resources Requirement or “FRR” means the financial resources a registered firm is required to hold, calculated in accordance with these Rules,Form FRR and any relevant guidance issued by the Commission“Fixed Floor Amount” means the amount specified for the registered firm in rule 5;“Form FRR” means the form set out in the First Schedule and any relevant guidance issued by the Commission;“future” means a financial contract to buy or sell a particular commodity, security or other asset at a predetermined price at a specified time in the future“generally accepted accounting principles” has the meaning given in the Act;“OTC” means over-the-counter, whereby in relation to any security, the trading in that security is not subject to the rules of any securities exchange;“position risk” means the risk that a registered firm is exposed to from changes in the prices of positions in securities, whether long or short positions, held by the registered firm as principal;“Position Risk Requirement” or “PRR” means the amount necessary to accommodate the registered firm’s position risk, calculated in accordance with these Rules, Form FRR and any relevant guidance issued by the Commission;“recognized exchange” means:(a) the Bahamas International Stock Exchange;(b) a foreign securities exchange that the Commission has recognized under the Act; and(c) any other securities exchange recognized by order of the Commission; “registered firm” has the meaning given in the Act;“settlement date” means the normal date for delivery of the securities by the seller and cash by the buyer to settle a transaction in the particular securities in the principal market on which it trades. 3. Application
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Financial Resources Requirement has the meaning set forth in the recitals hereto; "Funding Time" has the meaning ascribed to it in Section 2.2;
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Financial Resources Requirement means the financial resources requirement which applies to the Borrower as calculated under rule 10-200(1) of the Financial Rules and are notifiable to the Borrower via its subsidiaries regulated by the FSA from time to time
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Related to Financial Resources Requirement

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • Reliability Standards means the criteria, standards, rules and requirements relating to reliability established by a Standards Authority.

  • Annual Resource means a Generation Capacity Resource, an Annual Energy Efficiency Resource or an Annual Demand Resource.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Cultural resources means archaeological and historic sites and artifacts, and traditional religious, ceremonial and social uses and activities of affected Indian tribes.

  • Annual Resource Price Adder means, for Delivery Years starting June 1, 2014 and ending May 31, 2017, an addition to the marginal value of Unforced Capacity and the Extended Summer Resource Price Adder as necessary to reflect the price of Annual Resources required to meet the applicable Minimum Annual Resource Requirement.

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Historic resource means a publicly or privately owned historic building, structure, site, object, feature, or open space located within an historic district designated by the national register of historic places, the state register of historic sites, or a local unit acting under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or that is individually listed on the state register of historic sites or national register of historic places, and includes all of the following:

  • financial recovery plan means a plan prepared in terms of section 141 of the MFMA

  • Compliance Plan means the compliance obligations, program, and procedures described in this Consent Decree at paragraph 13.

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Environmentally-Limited Resource means a resource which has a limit on its run hours imposed by a federal, state, or other governmental agency that will significantly limit its availability, on either a temporary or long-term basis. This includes a resource that is limited by a governmental authority to operating only during declared PJM capacity emergencies.

  • Financial Restatement means a restatement of the Company’s financial statements due to the Company’s material noncompliance with any financial reporting requirement under U.S. federal securities laws that is required in order to correct:

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Monitoring and reporting requirements means one or more of

  • Comprehensive resource analysis means an analysis including,

  • Air Standards Manager means the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, or any other person who represents and carries out the duties of the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, as those duties relate to the conditions of this Certificate.

  • Financial Regulations means regulations made under section 21 of the Act;

  • Electric Reliability Organization or “ERO” means the organization that is certified by the Commission under Section 39.3 of its regulations, the purpose of which is to establish and enforce Reliability Standards for the Bulk Power System in the United States, subject to Commission review. The organization may also have received recognition by Applicable Governmental Authorities in Canada and Mexico to establish and enforce Reliability Standards for the Bulk Power Systems of the respective countries.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Reliability Standard means a requirement to provide for reliable operation of the bulk power system, including without limiting the foregoing requirements for the operation of existing bulk power system facilities, including cybersecurity protection, and the design of planned additions or modifications to such facilities to the extent necessary for reliable operation of the bulk power system, but shall not include any requirement to enlarge bulk power system facilities or to construct new transmission capacity or generation capacity.

  • Natural resources means all land, fish, shellfish, wildlife, biota,

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.