Swiss Federal Banking Commission definition

Swiss Federal Banking Commission means the Swiss Federal Banking Commission and, if any successor governmental authority succeeds to the bank regulatory functions of the Swiss Federal Banking Commission in Switzerland, such successor governmental authority; provided, however, that if the Bank becomes domiciled in a jurisdiction other than Switzerland, then each reference herein to the Swiss Federal Banking Commission shall be deemed to instead refer to the governmental authority having primary regulatory authority with respect to the Bank's capital adequacy in such other jurisdiction.
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Examples of Swiss Federal Banking Commission in a sentence

  • Upon receipt at of the principal amount of the Subordinated Notes, the Company will either invest the principal amount received in other Eligible Investments or, if the Company elects to redeem the Company Preferred Securities at such time (subject to having received prior approval of the Swiss Federal Banking Commission to do so, if then required), apply such amount to the redemption price of the Company Preferred Securities.

  • All information obtained from any Access Person hereunder shall be kept in strict confidence, except that reports of securities transactions hereunder may be made available to the Securities and Exchange Commission, the Financial Services Authority, the Swiss Federal Banking Commission or any other regulatory or self-regulatory organisation, and may otherwise be disclosed to the extent required by law or regulation.

  • The Code has been established in accordance with SEC Rule 204-1 of the Investment Advisers Act 1940, and also complies with the rules of the Financial Services Authority, and the Swiss Federal Banking Commission.

  • The Code has been established in accordance with SEC Rule 204A-1 of the Investment Advisers Act 1940, and also complies with the rules of the Financial Services Authority, and the Swiss Federal Banking Commission, together with the internal provisions imposed by Pictet & Cie.

  • The entire text of the Recommendation and the Order may be obtained from the websites of the Swiss Takeover Board at www.takeover.ch and the Swiss Federal Banking Commission at www.ebk.ch, respectively.

  • For a detailed description of the Bank’s accounting policies please see note 1 “Summary of significant accounting policies.” The Swiss Federal Banking Commission requires Swiss-domiciled banks which present their financial statements under either US GAAP or International Financial Reporting Standards (IFRS) to provide a narrative explanation of the major differences between Swiss GAAP and its primary accounting standard.

  • Each Manager represents that the Securities have not and will not be registered with the Swiss Federal Banking Commission or any other Swiss authority for any purpose, whatsoever.

  • The Bank, on a consolidated basis, is subject to risk-based capital and leverage guidelines under Swiss Federal Banking Commission (Eidgenössische Bankenkommission, or EBK) and Bank for International Settlements (BIS) guidelines.

  • We are very pleased to have reached an agreement with the Swiss Federal Banking Commission (SFBC) regarding future capital targets and leverage requirements.

  • Upon receipt at maturity of the Subordinated Notes of the principal amount thereof, the Company will either invest the principal amount received in other Eligible Investments or, if the Company elects to redeem the Company Preferred Securities at such time (subject to having received prior approval of the Swiss Federal Banking Commission of Switzerland to do so, if then required), apply such amount to the redemption price of the Company Preferred Securities.

Related to Swiss Federal Banking Commission

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • Appropriate Federal Banking Agency means the “appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision.

  • New York Federal Reserve s Website" means the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website;

  • Central Bank Rules means the UCITS Regulations, Central Bank Regulations and any regulations, guidance and conditions issued by the Central Bank from time to time pursuant to the UCITS Regulations, the Central Bank Regulations and/or the Central Bank Act regarding the regulation of undertakings for collective investment in transferable securities, as such may be amended, supplemented or replaced from time to time;

  • NY Federal Reserve means the Federal Reserve Bank of New York.

  • Central Bank means the Central Bank of Ireland;

  • New York Federal Reserve’s Website means the website of the New York Federal Reserve, currently at http://www.newyorkfed.org, or any successor source.

  • NY Federal Reserve’s Website means the website of the NY Federal Reserve, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Instrument or, as the case may be, Coupon.

  • Federal Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • Federal Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as amended and any successor statute thereto.

  • OCC means the Office of the Comptroller of the Currency.

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Federal Reserve means the Board of Governors of the Federal Reserve System.

  • Qualified United States financial institution means an institution that:

  • Banking Act means the UK Banking Act 2009, as amended.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.