approval is inappropriate, or it will be unable to comply with this Notification; (2) the offer for sale of the newly issued structured notes may cause damage or unfairness to investors, or the investors may

rules set out by the derivatives clearing house. If it appears to the SEC Office that any derivatives clearing house violates or fails to comply with its notifications or rules, or takes inappropriate

company over time. Where sector-specific practices have emerged for indicators, companies should make use of such indicators unless they have specific reasons for considering them inappropriate. 12

risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated – and will contribute to the more quality audit. In 2016, the involvement of the

in comparing different CRAs. If the nature of the rated entity or obligation or other circumstances make such historical A-15 transition or default rates inappropriate, statistically invalid, or

agencies that are offering the debt securities lack the qualifications, or their compliance with the conditions after approval is inappropriate, or they will be unable to comply with this Notification; (2

inappropriate, or it will be unable to comply with this Notification; (2) the offer for sale of the newly issued bonds may constitute an avoidance of the rules issued under the Law on Securities and Exchange and

be: 6 (1) the foreign entity which will offer for sale of debt securities lacks qualifications or its compliance with the conditions after approval is inappropriate, or it will be unable to comply with

SECOND PARTY OPINION1 ON CHANEL’S SUSTAINABILITY-LINKED BOND FRAMEWORK September 2020 BACKGROUND CHANEL (hereafter the “Issuer”) contemplates including three environmental factors to the Sustainability-Linked Bonds (the “SLBs”) to be issued in compliance with the Sustainability-Linked Bond Framework (the “Framework”) created to govern their issuances and following the Sustainability-Linked Bond Principles (the “SLBP”). The Framework will include the Issuer’s commitment to achieve specific target...

securities clearing house violates or does not comply with its notifications or rules, or takes inappropriate action with respect to its operation as a securities clearing house, the SEC Office may instruct