Common use of Cooperation and Information Clause in Contracts

Cooperation and Information. exchange in relation to enforcement 1. The Authorities recognise that there may be circumstances in which either of them wishes to take enforcement action in a situation where the other Authority has a regulatory interest. The Authorities intend to cooperate in carrying out enforcement actions to the extent possible under their applicable legal frameworks. 2. If a request for assistance, as described in this MoU, relates to actual or possible enforcement action, the request should include as much detail as possible to allow the other Authority to consider the request (for example, a description of the conduct or suspected conduct, applicable legal framework, the link between the specified rule or law and the regulatory functions of the requesting Authority, and whether certain Persons should be present during interviews which form part of an investigation). 3. Similarly, where an investigation concerns suspected breaches of the law of both jurisdictions, the Authority suggesting the establishment of a joint investigation involving members from both Authorities should provide the other Authority with as much detail as possible to allow the other Authority to consider the nature, expected duration, funding, management and objectives of the joint investigation.

Cooperation and Information. exchange in relation to enforcement 1. The Authorities recognise that there may be circumstances in which either any of them wishes to take enforcement action in a situation where the other another Authority has a regulatory interest. The relevant Authorities intend to cooperate in carrying out enforcement actions to the extent possible under their applicable legal frameworks. 2. If a request for assistance, as described in this MoU, relates to actual or possible enforcement action, the request should include as much detail as possible to allow the other Authority to consider the request (for example, a description of the conduct or suspected conduct, applicable legal framework, the link between the specified rule or law and the regulatory functions of the requesting Authority, and whether certain Persons should be present during interviews which form part of an investigation). 3. Similarly, where an investigation concerns suspected breaches of the law of both jurisdictions, the Authority suggesting the establishment of a joint investigation involving members from both several Authorities should provide the other Authority with as much detail as possible to allow the other Authority to consider the nature, expected duration, funding, management and objectives of the joint investigation.

Cooperation and Information. exchange in relation to enforcement 1. The Authorities recognise that there may be circumstances in which either any of them wishes to take enforcement action in a situation where the other another Authority has a regulatory interest. The relevant Authorities intend to cooperate in carrying out enforcement actions to the extent possible under their applicable legal frameworks. 2. If a request for assistance, as described in this MoU, relates to actual or possible enforcement action, the request should include as much detail as possible to allow the other Authority to consider the request (for example, a description of the conduct or suspected conduct, applicable legal framework, the link between the specified rule or law and the regulatory functions of the requesting Authority, and whether certain Persons should be present during interviews which form part of an investigation). 3. Similarly, where an investigation concerns suspected breaches of the law of both jurisdictions, the Authority suggesting the establishment of a joint investigation involving members from both Authorities should provide the other Authority with as much detail as possible to allow the other Authority to consider the nature, expected duration, funding, management and objectives of the joint investigation.