Compliance with Legal and Regulatory Requirements, separation of functions Sample Clauses

Compliance with Legal and Regulatory Requirements, separation of functions. 1. Both Parties acknowledge that this Agreement is without prejudice to the Legal and Regu- latory Requirements applicable to the Contracting CSD concerning inter alia the powers and responsibilities of the Relevant Competent Authority and consequently shall have no influence on such powers and responsibilities, which remain exclusively in charge of the supervision and oversight of the Contracting CSD. As regards access to relevant infor- mation and on-site inspections, the Relevant Competent Authorities maintain the legal and regulatory powers applicable under the jurisdiction in which the CSD operates. 2. Both Parties recognise that the Contracting CSD is directly responsible to the Relevant Competent Authorities with regard to compliance with the Legal and Regulatory Require- ments and that in neither of these functions have the Contracting CSD’s responsibilities been delegated to the Eurosystem. The Contracting CSD shall exercise its rights and per- form its obligations under this Agreement at all times in compliance with the applicable Legal and Regulatory Requirements and shall ensure that its staff, agents and employees act in compliance with such requirements. The Contracting CSD shall promptly inform the Eurosystem of all Legal and Regulatory Requirements applicable to it and any changes to such requirements or any evolutions in their interpretation and application, when compli- ance with such requirements needs to be considered in connection with the provision or use of the T2S Services. The Eurosystem shall provide reasonable assistance to the Con- tracting CSD in meeting its Legal and Regulatory Requirements and in ensuring that the Contracting CSD’s use of the T2S Services does not lead to non-compliance with such re- quirements, to the extent that it was informed by the Contracting CSD and to the extent that such requirements are compatible with the Multilateral Character of T2S. 3. The Eurosystem shall maintain contact with the relevant Union institutions and bodies, and the Relevant Competent Authorities to the extent necessary under this Agreement. 4. Each of the Eurosystem Central Banks shall maintain at all times a clear separation be- tween (a) its role as a Party to this Agreement; (b) its regulatory, supervisory and oversight functions; and (c) its function as an operator of its own CSD, if applicable. 5. Based on Articles 127 of the Treaty on the Functioning of the European Union and Article 3 of the Statute of the ESCB, in the T2S c...
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Compliance with Legal and Regulatory Requirements, separation of functions. 1 Both Parties acknowledge that this Agreement is without prejudice to the Legal and Regulatory Requirements applicable to the Contracting CSD concerning inter alia the powers and responsibilities of the Relevant Competent Authority and conse- quently shall have no influence on such powers and responsibilities, which remain exclusively in charge of the supervision and oversight of the Contracting CSD. As regards access to relevant information and on-site inspections, the Relevant Com- petent Authorities maintain the legal and regulatory powers applicable under the jurisdiction in which the CSD operates.
Sample 1

Related to Compliance with Legal and Regulatory Requirements, separation of functions

  • COMPLIANCE WITH POLICIES AND PROCEDURES During the period that Executive is employed with the Company hereunder, Executive shall adhere to the policies and standards of professionalism set forth in the policies and procedures of the Company and IAC as they may exist from time to time.

  • Compliance with Consensus Policies and Temporary Policies Registry Operator shall comply with and implement all Consensus Policies and Temporary Policies found at <xxxx://xxx.xxxxx.xxx/general/consensus-­‐policies.htm>, as of the Effective Date and as may in the future be developed and adopted in accordance with the ICANN Bylaws, provided such future Consensus Polices and Temporary Policies are adopted in accordance with the procedure and relate to those topics and subject to those limitations set forth in Specification 1 attached hereto (“Specification 1”).

  • Compliance with Laws and Regulations A. The Parties shall comply with all applicable laws and regulations including, but not limited to, safety; security; export control; environmental; and suspension and debarment laws and regulations. Access by a Partner to NASA facilities or property, or to a NASA Information Technology (IT) system or application, is contingent upon compliance with NASA security and safety policies and guidelines including, but not limited to, standards on badging, credentials, and facility and IT system/application access. B. With respect to any export control requirements: 1. The Parties will comply with all U.S. export control laws and regulations, including the International Traffic in Arms Regulations (ITAR), 22 C.F.R. Parts 120 through 130, and the Export Administration Regulations (EAR), 15 C.F.R. Parts 730 through 799, in performing work under this Agreement or any Annex to this Agreement. In the absence of available license exemptions or exceptions, the Partner shall be responsible for obtaining the appropriate licenses or other approvals, if required, for exports of hardware, technical data and software, or for the provision of technical assistance. 2. The Partner shall be responsible for obtaining export licenses, if required, before utilizing foreign persons in the performance of work under this Agreement or any Annex under this Agreement, including instances where the work is to be performed on-site at NASA and where the foreign person will have access to export-controlled technical data or software. 3. The Partner will be responsible for all regulatory record-keeping requirements associated with the use of licenses and license exemptions or exceptions. 4. The Partner will be responsible for ensuring that the provisions of this Article apply to its Related Entities. C. With respect to suspension and debarment requirements: 1. The Partner hereby certifies, to the best of its knowledge and belief, that it has complied, and shall comply, with 2 C.F.R. Part 180, Subpart C, as supplemented by 2 C.F.R. Part 1880, Subpart C. 2. The Partner shall include language and requirements equivalent to those set forth in subparagraph C.1., above, in any lower-tier covered transaction entered into under this Agreement.

  • Compliance with Applicable Laws, Rules and Regulations The Dealer Manager represents to the Company that (a) it is a member of FINRA in good standing, and (b) it and its employees and representatives who will perform services hereunder have all required licenses and registrations to act under this Agreement. With respect to its participation and the participation by each Participating Dealer in the offer and sale of the Offered Shares (including, without limitation, any resales and transfers of Offered Shares), the Dealer Manager agrees, and, by virtue of entering into the Participating Dealer Agreement, each Participating Dealer shall have agreed, to comply with any applicable requirements of the Securities Act and the Exchange Act, applicable state securities or blue sky laws, and, specifically including, but not in any way limited to, NASD Conduct Rules 2340 and 2420, and FINRA Conduct Rules 2310, 5130 and 5141.

  • Compliance with Regulatory Requirements Upon demand by Lender, Borrower shall reimburse Lender for Lender’s additional costs and/or reductions in the amount of principal or interest received or receivable by Lender if at any time after the date of this Agreement any law, treaty or regulation or any change in any law, treaty or regulation or the interpretation thereof by any Governmental Authority charged with the administration thereof or any other authority having jurisdiction over Lender or the Loans, whether or not having the force of law, shall impose, modify or deem applicable any reserve and/or special deposit requirement against or in respect of assets held by or deposits in or for the account of the Loans by Lender or impose on Lender any other condition with respect to this Agreement or the Loans, the result of which is to either increase the cost to Lender of making or maintaining the Loans or to reduce the amount of principal or interest received or receivable by Lender with respect to such Loans. Said additional costs and/or reductions will be those which directly result from the imposition of such requirement or condition on the making or maintaining of such Loans.

  • Compliance with Laws, Rules and Regulations a. Assurances. The Contractor agrees that all activity pursuant to this Contract will be in accordance with all applicable current federal, state and local laws, rules, and regulations, including but not limited to the Public Records Act (chapter 42.56 RCW), the Freedom of Information Act (5 U.S.C. 522) and the Records Retention Act (chapter 40.14 RCW).

  • Compliance with Rules and Regulations PFPC undertakes to comply with all applicable requirements of the Securities Laws and any laws, rules and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by PFPC hereunder. Except as specifically set forth herein, PFPC assumes no responsibility for such compliance by the Fund or any other entity.

  • Compliance with Governmental Rules and Regulations Except as otherwise provided in the Agreement and except for the accuracy of information furnished to the Fund by Price Services, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses and compliance with all applicable requirements of the ’40 Act, the ‘34 Act, the ‘33 Act, and any other laws, rules and regulations of governmental authorities having jurisdiction over the Fund. Price Services shall be responsible for complying with all laws, rules and regulations of governmental authorities having jurisdiction over transfer agents and their activities and cooperating with respect to examinations and requests from such governmental authorities.

  • Compliance with OFAC Rules and Regulations None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

  • COMPLIANCE WITH GOVERNMENTAL RULES AND REGULATIONS; RECORDS The Trust assumes full responsibility for its compliance with all securities, tax, commodities and other laws, rules and regulations applicable to it.

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