Financial Services Organization definition

Financial Services Organization means an entity that provides banking, insurance and/or investment products and services and is regulated by one or more of the following entities: Office of the Comptroller of the Currency (OCC), Office of Thrift Supervision (OTS), National Credit Union Association (NCUA), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Federal Reserve (Fed), Federal Deposit Insurance Corporation (FDIC) or a state banking department.
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Financial Services Organization means an entity that provides banking and/or investment products and services and is regulated by one or more of the following entities: Office of the Comptroller of the Currency (OCC), Consumer Financial Protection Bureau (CFPB) (excluding non- depository covered persons), National Credit Union Association (NCUA), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Federal Reserve (Fed), Federal Deposit Insurance Corporation (FDIC), The Public Corporation for the Supervision and Insurance of Cooperatives in Puerto Rico (COSSEC) or a state banking department. .
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Examples of Financial Services Organization in a sentence

  • During the Restricted Period, Executive shall refrain from inducing, soliciting or encouraging a Key Employee to quit his/her employment with the Corporation, the Bank or any Affiliate in connection with an offer of a job or an opportunity to work in the same, substantially similar or higher position for a Competing Financial Services Organization which offers or is preparing to offer Competitive Services of Products in the Market Area.

  • Competitive Service or Product" means those services or products offered by a Competing Financial Services Organization that are the same as or competitive with those services or products offered by the Corporation, the Bank or any of their Affiliates at the Date of Termination or which have been approved by the Corporation, the Bank or any of their Affiliates to be offered within ninety (90) days of the Date of Termination.

  • At all times during employment with the Corporation, and during the Restricted Period (defined above), Executive shall refrain from inducing, soliciting or encouraging a Key Employee (defined herein) to leave employment with the Corporation, with the intent, hope or purpose of having the Key Employee join a Competing Financial Services Organization in a similar capacity, if that competitive organization has customer service facilities located within the Restricted Territory (defined above).

  • Competitive Service or Product" means those services or products offered by a Competing Financial Services Organization that are the same as or competitive with those services or products offered by the Employer at the Termination Date or which have been approved by the Employer to be offered within ninety (90) days of the Termination Date.

  • If you are a Financial Services Organization with 250,000 or more Client Accounts, then, as a condition of using the service, you shall be required to contribute data to the National Shared Database.

  • Competing Financial Services Organization" means an entity unaffiliated with the Employer that is engaged in the commercial, retail or mortgage banking or lending business, wealth management business, investment advisory business, or trust service business that provides services and products that are the same as or competitive with the services and products offered by the Employer immediately prior to the Termination Date or were approved to be offered within ninety (90) days of the Termination Date.

  • At all times during employment and during the Restricted Period, Executive shall not accept employment in a Competitive Position with, own, operate, or provide consulting, advisory or contracted management services (whether as a director, officer, independent contractor, member, owner or shareholder) to or on behalf of any Competing Financial Services Organization.