Subsidiary risk definition
Subsidiary risk means a risk in addition to the class to which dangerous goods are assigned; and which is determined by a requirement to have a subsidiary risk label under the ADG Code1.
Subsidiary risk means: Insurance risk that is covered by an insurance class in Annex 7, and which does not require a separate licence pursuant to section 11(1), because the risk is included in the primary risk for which the insurance company has a licence, and because the risk is in regard to a condition that is covered by the contract covering the primary risk. Insurance classes 14, 15 and 17 may not be subsidiary risks to other insurance classes.
Subsidiary risk means ‘Subsidiary Risk’ with which the dangerous goods are assigned in accordance with:
More Definitions of Subsidiary risk
Subsidiary risk for a substance means —
Subsidiary risk. , for trackable waste, means the subsidiary risk applying to the waste under the ADG code.
Subsidiary risk. By investing in a commodities subsidiary the Fund is indirectly exposed to the risks associated with the subsidiary’s investments. The derivatives and other investments held by the subsidiary are generally similar to those that are permitted to be held by the Fund and are subject to the same risks that apply to similar investments if held directly by the Fund. There can be no assurance that the investment objective of the subsidiary will be achieved. The subsidiary is not registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and, is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the subsidiary to continue to operate as it does currently and could adversely affect the Fund that owns the subsidiary. For example, the Cayman Islands currently do not impose any income, corporate, or capital gains tax, estate duty, inheritance tax, gift tax, or withholding tax on a commodities subsidiary. If Cayman Islands law changes, such that the subsidiary must pay Cayman Islands taxes, the Fund’s shareholders likely would suffer decreased investment returns.