Examples of Prudential Requirements in a sentence
CCP Question 21 [last update 21 May 2014] Guideline and Recommendation 3(b)(v) – Prudential Requirements Pursuant to Guideline and Recommendation 3(b)(v) of the ESMA Guidelines and Recommendations for establishing consistent, efficient and effective assessments of interoperability arrangements, interoperable CCPs are not allowed to contribute to each other’s default funds or other financial resources (as such are defined in Article 43 of EMIR).
In particular, please refer to section 7 of Chapter 2 of the market rules and the Market Operations - Prudential Requirements market manual.
On the expiry of this Agreement, the Company will, in accordance with the Access Undertaking, offer to enter into a new agreement with the Client in respect of the provision of Standard Port Terminal Services provided that the Client meets the Prudential Requirements (as defined in the Access Undertaking).
Chapter 2 of the WEM Rules sets out obligations relating to Functions and Governance; Market Documents; Monitoring, Enforcement and Audit; Reviewable Decisions and Disputes; Market Consultation; Budgets and Fees; Maximum and Minimum Prices and Loss Factors; Participation and Registration; Communications and Systems Requirements; Prudential Requirements and Emergency Powers.
BackgroundThe IMO manages the Prudential Requirements of Market Participants as set out in Chapter 2 of the Market Rules and the related Market Procedure: Prudential Requirements.