Translation of "Aufsichtsrechtlichen bestimmungen" in English

The current prudential rules in France do not constitute an obstacle to risk capital.

In case of serious violations of supervisory provisions or serious irregularities, the auditing entity notifies FINMA directly.

Under the supervisory rules, a commercial bank engaged in lending must be covered against credit risks.

According to regulatory provisions, no more than two former Allianz SE Management Board members shall be members of the Supervisory Board.

I must stress that the prudential supervision rules currently in force in some Member States are too disproportionate to guarantee the security of funds and they prevent fund managers from determining the best capital investment strategy.

In particular : the application of some provisions of the proposed directive to the ECB and the national central banks ( NCBs ) , the rules concerning half-yearly financial reports , consistency with supervisory reporting requirements , the rules concerning the competent authorities and the need to refer to European statistical standards . The application of the proposed directive to the ECB and the NCBs 7 .

Member States may, under the national regulatory regime, provide that the responsibility of a TSO to comply with one or some or all obligations under this Regulation is assigned to one or more specific TSOs.

Member States may, under the national regulatory regime, provide that the responsibility of a TSO to comply with one or some or all obligations under this Regulation is assigned to one or more specific TSOs.

If the auditing entity detects a violation of the supervisory provisions or other irregularities, it will give the CCP concerned a period to restore compliance and informs FINMA if compliance is not restored.

Where a TSO does not have a function relevant to one or more obligations under this Regulation, Member States may, under the national regulatory regime, provide that the responsibility of a TSO to comply with one or some or all obligations under this Regulation is assigned to one or more specific TSOs.

In such a way a special license or registration for “payment-services-only” could be created without the same level of prudential rules as required by the Credit Institution Directive or the E-money Directive, as there is no evidence that the simple payment transmission activity would require such extensive prudential regulation.

The Section is concerned that the provisions of Chapter IV will result in re-regulation of areas covered by class licences or of areas which are not covered by any form of licensing under national regulatory regimes.

Part of the prudential rules pertaining to commercial banks is not applied to MFB, as it is subject to special prudential rules under the MFB Act.

In particular, the bank should be able to generate an appropriate return on equity, while covering all costs of its normal operations and complying with the relevant regulatory requirements.

In the interests of maintaining a level playing field, however, credit institutions should, alternatively, be able to carry out that activity through a subsidiary under the prudential supervisory regime of this Directive, rather than under Directive 2006/48/EC.

Therefore, the restructured bank will be able to compete in the market place on its own merits in compliance with the relevant regulatory requirements and its viability will not be endangered even in a significantly changing environment.

More specifically, it was not clear how and when Parex banka would re-establish compliance with relevant regulatory requirements.

They include in particular responsibility for compliance with those regulatory requirements which have to be respected collectively (for instance solvability, liquidity, internal capital adequacy process for the "Verbund", internal audit).

According to the sensitivity analysis provided by the bank, if the adverse development in ÖVAG’s non-core segment were to materialise, the associated Volksbanken would have sufficient own funds to allow ÖVAG to redeem the State PS while still complying with the regulatory requirements.

The requirement for insurance undertakings to establish an adequate solvency margin is one of the most important common prudential rules.

Its prudential parts apply to central counterparties as a result of the clearing obligation and, for the reporting requirement, to trade repositories.

Bearing in mind the objective of the Directive, the Committee considers that the prudential rules listed are necessary.

Over recent years the regulatory and supervisory framework has been greatly reinforced, thereby strengthening the resilience of EU financial institutions and markets.

At the same time, broadcasters also have to take account of the applicable regulatory framework beyond EU competition law when considering sales to consumers located elsewhere.

Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market, aimed at ensuring the coordination of national provisions on prudential requirements, the access of new payment service providers to the market, information requirements, and the respective rights and obligations of payment services users and providers.

Two public banks (Agricultural Bank, and Housing and Tourism Bank) appear to be insolvent and have been exempted from the obligation to comply with prudential regulations and reserve requirements.

When the Financial Services Action Plan (FSAP) was adopted back in 1999 the guiding principle was to create an integrated, Europe-wide, single market in financial services underpinned by a strong regulatory and supervisory framework.