Common use of Compliance with Law and Regulation Clause in Contracts

Compliance with Law and Regulation. 12.1 Each party shall comply with all Applicable Laws and Regulations in performing its obligations under this agreement including their obligations under the Act and neither party shall be required to do anything that might breach any Applicable Law or Regulation. 12.2 To the extent that a party knows of any communications or correspondence with a Regulatory Authority that is likely to affect the other party, it shall (if permitted to do so by the relevant Regulatory Authority) advise the other party of the likely implications for that other party. 12.3 Subject to clause 16, to the extent that any Regulatory Authority requests any information or assistance from either party in relation to the subject matter of this agreement, then that party shall use all reasonable endeavours to engage with that Regulatory Authority in an open and co-operative way, including by: (a) making informed representatives and any other personnel specified by the Regulatory Authority available for meetings with representatives or appointees of the Regulatory Authority; (b) giving representatives and appointees of the Regulatory Authority reasonable access to any relevant premises; (c) producing to the Regulatory Authority's representatives and appointees all relevant records; (d) printing any relevant record which is held on computer or on microfilm or otherwise converting it into a readily legible document or any other record as may be reasonably requested by the Regulatory Authority; and (e) answering truthfully, fully and promptly all reasonable questions which are put to it by the Regulatory Authority's representatives and appointees, and shall ensure that its employees, agents, consultants and subcontractors shall do the same. 12.4 To the extent permitted by a Regulatory Authority, each party shall inform the other party of its discussions with the relevant Regulatory Authority in relation to this agreement on a regular and timely basis and consult with the other party in relation to the affected party's approach to the relevant discussions.

Compliance with Law and Regulation. 12.1 Each party shall comply with all Applicable Laws and Regulations in performing its obligations under this agreement including their obligations under the Act and neither party shall be required to do anything that might breach any Applicable Law or Regulation. 12.2 To the extent that a party knows of any communications or correspondence with a Regulatory Authority that is likely to affect the other party, it shall (if permitted to do so by the relevant Regulatory Authority) advise the other party of the likely implications for that other party. 12.3 Subject to clause 16, to the extent that any Regulatory Authority requests any information or assistance from either party in relation to the subject matter of this agreement, then that party shall use all reasonable endeavours to engage with that Regulatory Authority in an open and co-operative way, including by: (a) making informed representatives and any other personnel specified by the Regulatory Authority available for meetings with representatives or appointees of the Regulatory Authority; (b) giving representatives and appointees of the Regulatory Authority reasonable access to any relevant premises; (c) producing to the Regulatory Authority's representatives and appointees all relevant records; (d) printing any relevant record which is held on computer or on microfilm or otherwise converting it into a readily legible document or any other record as may be reasonably requested by the Regulatory Authority; and (e) answering truthfully, fully and promptly all reasonable questions which are put to it by the Regulatory Authority's representatives and appointees, and shall ensure that its employees, agents, consultants and subcontractors shall do the same. 12.4 To the extent permitted by a Regulatory Authority, each party shall inform the other party of its discussions with the relevant Regulatory Authority in relation to this agreement on a regular and timely basis and consult with the other party in relation to the affected party's approach to the relevant discussions.

Compliance with Law and Regulation. 12.1 Each party shall comply with all Applicable Laws and Regulations in performing its obligations under this agreement including their obligations under the Act and neither party shall be required to do anything that might breach any Applicable Law or Regulation. 12.2 To the extent that a party knows of any communications or correspondence with a Regulatory Authority that is likely to affect the other party, it shall (if permitted to do so by the relevant Regulatory Authority) advise the other party of the likely implications for that other party. 12.3 Subject to clause 1616 of this Part C, to the extent that any Regulatory Authority requests any information or assistance from either party in relation to the subject matter of this agreement, then that party shall use all reasonable endeavours to engage with that Regulatory Authority in an open and co-operative way, including by: (a) making informed representatives and any other personnel specified by the Regulatory Authority available for meetings with representatives or appointees of the Regulatory Authority; (b) giving representatives and appointees of the Regulatory Authority reasonable access to any relevant premises; (c) producing to the Regulatory Authority's representatives and appointees all relevant records; (d) printing any relevant record which is held on computer or on microfilm or otherwise converting it into a readily legible document or any other record as may be reasonably requested by the Regulatory Authority; and (e) answering truthfully, fully and promptly all reasonable questions which are put to it by the Regulatory Authority's representatives and appointees, and shall ensure that its employees, agents, consultants and subcontractors shall do the same. 12.4 To the extent permitted by a Regulatory Authority, each party shall inform the other party of its discussions with the relevant Regulatory Authority in relation to this agreement on a regular and timely basis and consult with the other party in relation to the affected party's approach to the relevant discussions.

Compliance with Law and Regulation. 12.1 Each party shall comply with all Applicable Laws and Regulations in performing its obligations under this agreement including their obligations under the Act Acts and neither party shall be required to do anything that might breach any Applicable Law or RegulationLaws and Regulations. 12.2 To the extent that a party knows of any communications or correspondence with a Regulatory Authority that is likely to affect the other party, it shall (if permitted to do so by the relevant Regulatory Authority) advise the other party of the likely implications for that other party. 12.3 Subject to clause 1616 of this Part B, to the extent that any Regulatory Authority requests any information or assistance from either party in relation to the subject matter of this agreement, then that party shall use all reasonable endeavours to engage with that Regulatory Authority in an open and co-operative way, including by: (a) making informed representatives and any other personnel specified by the Regulatory Authority available for meetings with representatives or appointees of the Regulatory Authority; (b) giving representatives and appointees of the Regulatory Authority reasonable access to any relevant premises; (c) producing to the Regulatory Authority's representatives and appointees all relevant records; (d) printing any relevant record which is held on computer or on microfilm or otherwise converting it into a readily legible document or any other record as may be reasonably requested by the Regulatory Authority; and (e) answering truthfully, fully and promptly all reasonable questions which are put to it by the Regulatory Authority's representatives and appointees, and shall ensure that its employees, agents, consultants and subcontractors shall do the same. 12.4 To the extent permitted by a Regulatory Authority, each party shall inform the other party of its discussions with the relevant Regulatory Authority in relation to this agreement on a regular and timely basis and consult with the other party in relation to the affected party's approach to the relevant discussions. 12.5 The Participant represents, warrants and undertakes that neither it, nor any person that owns or controls it (directly or indirectly), is designated at any time during the Initial Term or any Renewal Period as the target of sanctions under any Sanctions Laws. Any breach of this clause 12.5 shall be deemed a material breach incapable of remedy for the purposes of clause 10.1 of this Part B. For the purposes of this clause 12.5 and clause 12.6 of this Part B, ownership and control shall have the meaning prescribed in Sanctions Laws and related guidance. 12.6 If the Participant, or a person that owns or controls it (directly or indirectly), becomes designated under any Sanctions Laws, the Participant shall as soon as reasonably practicable inform the Reclaim Fund of the designation.