Examples of SME Regulations in a sentence
When you contact First Citizen with your concerns, you will be offered an immediate review meeting to discuss your situation.• Customers in financial difficulty:When financial difficulties first arise on your agreement, we will contact you in writing to advise of: (a) the status of your agreement (b) the applicability of the SME Regulations and (c) the availability of this information booklet.
If a guarantee is provided as security for a Credit Arrangement, the Consumer Protection Code 2012 (as amended), SME Regulations or other law or regulation may require that the Bank informs the guarantor(s) about the Credit Arrangement and about any future changesin the terms of this Agreement and otherwise inform the guarantor(s) about matters related to the Borrower(s), the Credit and /or the security therefor.
You have the right to make a complaint under the SME Regulations.
Failure to engage and co-operate with First Citizen may result in you not being treated as a financial difficulties case which may result in the SME Regulations not applying to your situation.The following section provides further details on the approach adopted by First Citizen when dealing with customers in or facing financial difficulties.
Definition of an SMEAn entity is regarded as an SME for the purpose of the SME Regulations if the enterprise employs fewer than 250 people and has an annual turnover not exceeding €50 million, and/or an annual balance sheet total not exceeding€43 million.
The key objective of the First Citizen policy is to assist customers resolve their financial difficulties.The SME Regulations sets out clear guidance for customers who are either in or facing financial difficulty and our recommended approach is as follows:• Customers facing financial difficulty:We recommend that SME customers who have concerns about their future ability to repay finance products or meet their financial commitments to First Citizen contact us as soon as possible to discuss the situation.
Given the importance of SMEs to the country‟s economic growth and employment prospects, SBP issued these facilitative SME Regulations to encourage lending to such enterprises (Box 2.1).
Major emphasis will be placed on chemical calculations and the mathematical formulations of chemical principles.
Credit union stakeholders expressed the view that applying the SME Regulations to credit unions would have a disproportionate impact on the credit union sector.
To the extent that a Borrower, in respect of a Buy-to-Let Mortgage Loan, falls within this category, the provisions of the SME Regulations could apply.