Common use of Compliance and Cyber Security Clause in Contracts

Compliance and Cyber Security. Primary Dealer undertakes to comply with all applicable laws, regulations, rules, statutes, orders and limitations that regulate selling restrictions, anti-money laundering, sanctions, taxation and capital markets in general. The Parties acknowledge that a breach of the duty defined in this section may be considered as a breach of this Agreement. The Primary Dealer acknowledges that cyber security is of essential importance to the State Treasury. The Primary Dealer is obliged to show good conduct and follow market standards with cyber security practices to ensure proper cyber security resilience.

Compliance and Cyber Security. Primary Dealer undertakes to comply with all applicable laws, regulations, rules, statutes, orders and limitations that regulate selling restrictions, anti-money laundering, sanctions, taxation and capital markets in general. The Parties acknowledge that a breach of the duty defined in this section may be considered as a breach of this Agreement. The Primary Dealer acknowledges that cyber security is of essential importance to the State Treasury. The Primary Dealer is obliged to show good conduct and follow market standards with cyber security practices to ensure proper cyber security resilience.