Sentences with phrase «requiring financial intermediaries»

Recently, the Hong Kong securities regulator has taken a further step of requiring financial intermediaries to incorporate a mandatory contractual obligation to ensure suitability of financial product recommendation or solicitation, and which expressly dis - applies any contractual provisions to the contrary.

Not exact matches

Read James Gorman's full essay, «The Long - Term Imperative for Financial Institutions: Finding innovative solutions to the challenges of the future will require stable capital markets and intermediaries,» a chapter from Perspectives on the Long Term.

The state Department of Financial Services will require companies which act as financial intermediaries to obtain a BitLicense, which it plans to offer tFinancial Services will require companies which act as financial intermediaries to obtain a BitLicense, which it plans to offer tfinancial intermediaries to obtain a BitLicense, which it plans to offer this year.

Since no third party intermediaries are required, financial transactions can remain anonymous.

This includes enforcing the Anti-Money Laundering Act which requires that financial intermediaries establish the identities of the beneficial owners, for instance.

I / we also understand that the information given in the mortgage application form as well as other information you obtain in relation to my credit history may be disclosed to potential mortgage lenders, financial intermediary and mortgage insurers, organizations providing technological or other support services required in relation to this application and any other parties with whom I / we propose to have a financial relationship.

The statute would require creditors (when equity is wholly wiped out) to be subject to statutorily defined principles of discounts from par («haircuts») before the financial intermediary was restructured.

In certain instances, a fund or your financial intermediary is required to collect documents, which will be used solely to establish and verify your identity.

As of January 2015, Canadian banks and other Canadian financial intermediaries have been required to report to the Canada Revenue Agency all international electronic funds transfers (EFTs) of $ 10,000 or more.

The digital currencies have provided an excellent decentralized modus operandi wherein the control now has been shifted into the hands of users with banks no longer required as financial intermediaries.

Bitcoin operates on peer - to - peer technology and does not require any bank or a financial institution as an intermediary.

Lawsky first clarified which players in the digital currency community and industry would be required to obtain the BitLicense, specifying that the NYDFS intends to regulate only financial intermediaries.

Bitcoin (BTC), for example, allows anyone in the world with an Internet connection to «be their own bank» by providing a digital peer - to - peer payment network that does not require the use of any intermediaries to store, send and receive financial payments.