Examples of Regulatory Compliance Committee in a sentence
A Regulatory Compliance Program is already being drawn up, a Regulatory Compliance Committee was set up and a Group Regulatory Compliance Officer was appointed to monitor and assess the implementation of the Program The Regulatory Compliance Code was approved by the Board of Directors of ELLAKTOR on 29.07.2016, and it is now being integrated gradually in the Group’s operating system.
Asset retirement obligations: Effective July 1, 2004, the Company adopted CICA 3110, “Asset Retirement Obligations” which requires that the estimated fair value of liabilities for asset retirement obligations be recognized in the period in which they are incurred.
In March 2015, the functions of the DFAI Committee were absorbed by the Regulatory Compliance Committee of SuMiTBNY.
The Lead Regulators shall meet quarterly with the Regulatory Compliance Committee and senior management of the Companies to review the status of the Claim Reassessment Process.
A log of all telephone calls to both hotline numbers shall be maintained, and quarterly reports concerning such logs shall be provided to the Regulatory Compliance Committee.
The Regulatory Compliance Unit shall conduct or cause to be conducted ongoing audits of the Claim Reassessment Process and report its findings to the Regulatory Compliance Committee, the Lead Regulators, the DOL and senior management at least quarterly.
The Regulatory Compliance Unit shall report directly to the Regulatory Compliance Committee (or to the Board of Directors until such Committee is appointed) with respect to all marketconduct matters and ERISA requirements.
Likewise, he/she is in charge of the operating coordination of the measures required to apply the Code of Conduct and to execute the decisions adopted by the Regulatory Compliance Committee.
Through its Chairman, the Audit and Regulatory Compliance Committee will inform the Board of Directors, at least, twice a year.
The number of members, competences and rules of procedure of the Audit and Regulatory Compliance Committee will be those established in the Bylaws and in the Board of Directors Regulations, and will be construed in the most favorable way to its independent performance.