OSFI Guideline B-8 Definition | Law Insider

Define OSFI Guideline B-8. means the Office of the Superintendent of ... Office of the Superintendent of Financial Institutions Canada (OSFI) Guideline B8, ... OSFIGuidelineB-8definitionSearchWithinOSFIGuidelineB-8DefinitionsRelatedDefinitions2%/25%GuidelinesPLSGuidelinesProgramGuidelinesOperatingGuidelinesModificationGuidelinesFederalpovertyguidelinesDesignGuidelinesFNMAGuideApplicableGuidelinesTreasuryguidelinesFitchGuidelinesBiddingGuidelinesCreditGuidelinesCREFC®ServicerWatchList/PortfolioReviewGuidelinesAnti-CorruptionGuidelinesLeasingGuidelinesUnderwritingGuidelinesProcurementGuidelinesEffluentlimitationguidelineInvestmentGuidelinesRatingAgencyGuidelinesFNMAGuidesCreditCardGuidelinesFixedguidewaytheApprovedGuidanceGuidelinesRemoveAdvertisingOpenSplitViewShareCiteOSFIGuidelineB-8 meanstheOfficeoftheSuperintendentofFinancialInstitutionsCanadaguidelinefordeterringanddetectingmoneylaunderingandterroristfinancingdatedDecember2008asupdatedandamendedfromtimetotime.Sample1Basedon1documents1SaveCopyRemoveAdvertisingExamplesofOSFIGuidelineB-8inasentenceOSFIGuidelineB-8amplifiesthisrequirement,requiringaFRFItobesatisfiedthattheinformationcollecteddemonstratesthatitknowstheclient.Criterion10.7—PCMLTFRss.54.3(financialentities),56.3(lifeinsurancesector),57.2(securitiesdealers),59.01(MSBs),and61.1(departmentsoragenciesofthegovernmentorprovincesthatsellorredeemmoneyorders)requireallcoveredREstoconductongoingmonitoringoftheirbusinessrelationships.ThisrequirementimpliestheneedtousereliablesourcestoobtaintherequisiteinformationandtheFATFstandard14allowsidentificationdatatobeobtained“fromapublicregister,fromthecustomer,orfromotherreliablesources.”Also,OSFIGuidelineB-8usefullyindicatesthat“reasonablemeasures”toidentifyultimatebeneficialownerscouldincludenotonlyrequestingrelevantinformationfromtheentityconcerned,butalsoconsultingacrediblepublicorotherdatabaseoracombinationofboth.FRFIsandFinTechs•Federallyregulatedfinancialinstitutions(e.g.banks,insurancecompanies)partnerwithfintechs•Asfinancialentities,FRFIsalreadyreportingentities•FurthersubjecttoOSFIGuidelineB-8–DeterringandDetectingMoneyLaunderingandTerroristFinancing•Highlights“deliveryrisk”through“intermediaries.FinancialSystemStabilityAssessmentUpdate;PreparedbytheMonetaryandCapitalMarketsDepartmentApprovedbyJaimeCaruanaandAnoopSingh28DepartmentofFinance:http://www.fin.gc.ca/toce/2001/health_e.html29OfficeoftheSuperintendentofFinancialInstitutionsCanada(OSFI)GuidelineB8,April2003,SoundBusinessandFinancialPractices-DeterringandDetectingMoneyLaunderingandTerroristFinancing.FINTRAC,Guideline4,andOSFIGuidelineB-8provideadditionalguidance.RelatedtoOSFIGuidelineB-82%/25%GuidelineshasthemeaningsetforthinSection13.PLSGuidelinesmeansthemostrecentedition,asatthedateofthisagreement,ofthePropertyTransactionsandE-DealingPracticeGuidelinespreparedbythePropertyLawSectionoftheNewZealandLawSociety.ProgramGuidelinesmeansanyandallGLO-approveddocumentsreflectingspecificrulesandregulationsgoverningtheimplementationoftheProgram.OperatingGuidelinesmeanstheguidelinesforthecreationandredemptionofUnitsassetoutinthescheduletotheParticipationAgreementasamendedfromtimetotimebytheManagerwiththeapprovaloftheTrusteeandtheRegistrarandfollowingconsultation,totheextentreasonablypracticable,withtheParticipatingDealersandasnotifiedinwritingtotheParticipatingDealers.Unlessotherwisespecified,referencestotheOperatingGuidelinesshallbetotheOperatingGuidelinesfortheTrustapplicableatthetimeoftherelevantApplication.ModificationGuidelineshasthemeaningprovidedinSection2.1(a)ofthisSingleFamilyShared-LossAgreement.FederalpovertyguidelinesmeansthepovertyguidelinespublishedannuallyintheFederalRegisterbytheUnitedStatesDepartmentofHealthandHumanServicesunderitsauthoritytorevisethepovertylineundersection673(2)ofsubtitleBoftitleVIoftheomnibusbudgetreconciliationactof1981,42USC9902.DesignGuidelinesmeanstheFernkloofEstatearchitecturaldesignguidelinestocontrolallaspectsofdesignandlandscapingofanydevelopmentwithintheFernkloofEstatedevelopment,asamendedfromtimetotimeintermsoftheconstitutionoftheMPOAorasrequiredbytheCouncil,acopyofthecurrentdraftwhichisavailableforinspectionattheofficesoftheAssociation;FNMAGuideTheFNMA/FannieMaeSellingGuideandtheServicingGuide,collectively,ineffectonandaftertheFundingDate.ApplicableGuidelinesmeansthepoliciesoftheBankgoverningtheselectionandContractawardprocessassetforthinthisRFP.TreasuryguidelinesmeansanyguidelinesonsupplychainmanagementissuedbytheMinisterintermsofsection168oftheAct;FitchGuidelinesmeanstheguidelines,asmaybeamendedfromtimetotime,inconnectionwithFitch’sratingsoftheVMTPShares.BiddingGuidelinesmeansthe“TariffBasedCompetitive-BiddingGuidelinesforTransmissionService”and“GuidelinesforEncouragingCompetitioninDevelopmentofTransmissionProjects”issuedbyGovernmentofIndia,MinistryofPowerdated13thApril2006underSection–63ofElectricityActandasamendedfromtimetotime;CreditGuidelinesmeansthepoliciesofCreditAcceptance,relatingtotheextensionofcredittoautomobile,light-dutytruck,minivanand/orsportutilitydealersandconsumersinrespectofretailinstallmentcontractsforthesaleofautomobiles,light-dutytrucks,minivansand/orsportutilityvehiclesincludingthepoliciesfordeterminingcreditworthinessofsuchdealersandconsumersandotherwiserelatingtotheextensionofcredittodealersandconsumersandthemaintenanceofinstallmentsalecontracts,asineffectontheCut-offDateandasamendedfromtimetotimeinaccordancewiththeBasicDocumentsorinaccordancewithApplicableLaw,attachedheretoasExhibitH.CREFC®ServicerWatchList/PortfolioReviewGuidelinesAsofeachDeterminationDateareport,includingandidentifyingeachPerformingServicedLoansatisfyingthe“CREFC®PortfolioReviewGuidelines”approvedfromtimetotimebytheCREFC®inthe“CREFC®ServicerWatchList”formatsubstantiallyintheformofandcontainingtheinformationcalledforthereinfortheMortgageLoans,orsuchotherform(includingotherportfolioreviewguidelines)forthepresentationofsuchinformationasmaybeapprovedfromtimetotimebytheCREFC®forcommercialmortgagesecuritiestransactionsgenerally.Anti-CorruptionGuidelinesmeansthe“GuidelinesonPreventingandCombatingFraudandCorruptioninProjectsFinancedbyIBRDLoansandIDACreditsandGrants”,datedOctober15,2006.LeasingGuidelinesmeanstheguidelinesapprovedinwritingbyLender,fromtimetotime,withrespecttotheleasingoftheProperty.ThefollowingaretheinitialLeasingGuidelines:UnderwritingGuidelinesTheunderwritingguidelinesoftheSeller,acopyofwhichisattachedheretoasExhibitGandathen-currentcopyofwhichisattachedasanexhibittotherelatedAssignmentandConveyance.ProcurementGuidelinesmeansthe“Guidelines:ProcurementunderIBRDLoansandIDACredits”publishedbytheBankinMay2004andrevisedinOctober,2006.EffluentlimitationguidelinemeansaregulationpublishedbytheAdministrationunderSection304(b)oftheCWAtoadoptorreviseeffluentlimitations.InvestmentGuidelinesmeanstheinvestmentguidelinesapprovedbytheBoard,acopyofwhichisattachedheretoasExhibitA,asthesamemaybeamended,restated,modified,supplementedorwaivedpursuanttotheapprovalofamajorityoftheentireBoard(whichmustincludeamajorityoftheIndependentDirectors).RatingAgencyGuidelinesmeanstheFitchGuidelinesandanyOtherRatingAgencyGuidelinesastheyexistfromtimetotime.FNMAGuidesTheFNMASellers'GuideandtheFNMAServicers'Guide,andallamendmentsoradditionsthereto.CreditCardGuidelinesmeanstherespectivepoliciesandproceduresoftheAccountOwner,asthecasemaybe,assuchpoliciesandproceduresmaybeamendedfromtimetotime,(a)relatingtotheoperationofitscreditcardbusiness,whichgenerallyareapplicabletoitsportfolioofrevolvingcreditcardaccountsandineachcasewhichareconsistentwithprudentpractice,includingthepoliciesandproceduresfordeterminingthecreditworthinessofcreditcardcustomersandtheextensionofcredittocreditcardcustomers,and(b)relatingtothemaintenanceofrevolvingcreditcardaccountsandcollectionofcreditcardreceivables.Fixedguidewaymeansapublictransitfacilitythatusesandoccupies:theApprovedGuidancemeanssuchguidanceontheobtaining,recordingandmaintainingofinformationaboutcostsandonthebreakingdownandallocationofcostsbyreferencetoApprovedReportingCurrenciesasmaybepublishedbyMonitor;“ApprovedReportingCurrencies”meanssuchcategoriesofcostandotherrelevantinformationasmaybepublishedbyMonitor;“otherrelevantinformation”meanssuchinformation,whichmayincludequalityandoutcomesdata,asmayberequiredbyMonitorforthepurposeofitsfunctionsunderChapter4(Pricing)inPart3ofthe2012Act.GuidelinesmeansguidelineS-02.122.1inrelationtobondsofApril1999(MerkblattS-02.122.1vomApril1999betreffendObligationen),guidelineS-02.123inrelationtointerbankloansof22September1986(MerkblattS-02.123vom22.September1986betreffendZinsenvonBankguthaben,derenGläubigerBankensind(Interbankguthaben)),guidelineS-02.128inrelationtosyndicatedcreditfacilitiesofJanuary2000(MerkblattS-02.128vomJanuar2000SteuerlicheBehandlungvonKonsortialdarlehen,Schuldscheindarlehen,WechselnundUnterbeteiligungen),guidelineS-02.130.1inrelationtoaccountsreceivablesofSwissdebtorsofApril1999(MerkblattS-02.130.1vomApril1999GeldmarktpapiereundBuchforderungeninländischerSchuldner),circularletterNo.34of26July2011(1-034-V-2011)inrelationtodeposits(KreisschreibenNr.34“Kundenguthaben”vom26.Juli2011),circularletterNo.15inrelationtobondsandderivativefinancialinstrumentsof7February2007(KreisschreibenNr.15vom7.Februar2007betreffendObligationenundderivativeFinanzinstrumentealsGegenstandderdirektenBundessteuer,derVerrechnungssteuersowiederStempelabgaben)andguidelineS-02.132inrelationtoissuancestampdutyonfixeddepositsof1April1993(MerkblattS-02.132vom1.April1993betreffendEmissionsabgabeaufFestgeldanlagenbeiinländischenBanken),ineachcaseasissued,amendedorreplacedfromtimetotime,bytheSwissFederalTaxAdministrationorassubstitutedorsupersededandoverruledbyanylaw,statute,ordinance,courtdecision,regulationorthelikeasinforcefromtimetotime.