Examples of Supervisory Authority in a sentence
In the event of a dispute with, or orders or fines being imposed or other claims brought by, a Supervisory Authority or other competent authority concerning the Processing of Shared Data against either or both Parties, the Parties shall promptly notify and inform each other and shall cooperate and coordinate with a view to effectively defend themselves against such claims or settling them amicably in a timely fashion.
COMMUNICATION WITH AUTHORITIES To the extent permitted under Applicable Law, either Party shall immediately notify the other Party and the Parties shall use best efforts to support each other in the event of any audits, enquiries, investigations, requests, orders or other proceedings or matters relating to this Agreement by a Supervisory Authority or any other public body in relation to the Processing of Shared Data ("Authority Enquiries").
In the event that the Data Receiver is required under Applicable Law to notify a Data Security Incident to a Supervisory Authority or other authority, the Data Subjects concerned or any other third parties, the Data Receiver shall, to the extent permitted under Applicable Law and reasonably possible, liaise and coordinate with the Data Discloser prior to making such notification.
Should the rules of the Financial Supervisory Authority be violated, the Financial Supervisory Authority shall demand at least a 250% increase of the risk weighting in calculating capital requirements.
The Financial Supervisory Authority shall grant operating licenses as provided for in this Act.