Financial Services Committee Clause Samples
The Financial Services Committee clause establishes a designated group responsible for overseeing and managing financial matters within an organization or agreement. This committee typically reviews budgets, monitors financial performance, and makes recommendations on financial policies or transactions. By centralizing financial oversight, the clause ensures informed decision-making and helps maintain fiscal responsibility, reducing the risk of mismanagement or financial disputes.
Financial Services Committee. The Parties hereby establish a Financial Services Committee. The principal representative of each Party shall be an official of the Party's competent authorities responsible for financial services set out in Annex 12D.
Financial Services Committee. 1. The Parties hereby establish a Financial Services Committee. The principal representative of each Party shall be an official of the Party's authority responsible for financial services set out in Annex 10D.
2. The Committee shall:
(a) supervise the implementation of this Chapter and its further elaboration;
(b) consider issues regarding financial services that are referred to it by a Party; and
(c) participate in the dispute settlement procedures in accordance with Article 10.19.
3. The Committee shall meet annually, or as otherwise agreed, to assess the functioning of this Agreement as it applies to financial services. The Committee shall inform the Joint Committee established under Article 20.1 (Joint Committee) of the results of each meeting.
Financial Services Committee. 1. The Parties hereby establish the Financial Services Committee. The principal representative of each Party shall be an official of the Party’s authority responsible for financial services set out in Annex 12.15.
2. In accordance with Article 21.1(2)(d) (The Free Trade Commission), the Committee shall:
(a) supervise the implementation of this Chapter and its further elaboration;
(b) consider issues regarding financial services that are referred to it by a Party; and
(c) participate in the dispute settlement procedures in accordance with Articles 12.17 and 12.18.
3. The Committee shall meet annually, or as otherwise agreed, to assess the functioning of this Agreement as it applies to financial services. The Committee shall inform the Commission of the results of each meeting.
Financial Services Committee. 1. The Parties hereby establish a Financial Services Committee.
2. The Committee may meet at the request of either Party to discuss any matter arising under this Agreement that affects financial services.
3. The Committee shall be headed by officials of the authorities specified in Annex 12-C.
Financial Services Committee. 1. The parties establish the Financial Services Committee composed of representatives of the Competent Authorities identified in the annex to this article.
2. The Committee shall:
a) Supervise the implementation of this chapter and its further development;
b) Consider issues regarding Financial Services that are submitted by a party;
c) Shall participate in the dispute settlement procedures in accordance with articles 13-19 and 13-20; and
d) To facilitate the exchange of information between supervisory authorities and cooperate in providing advice, on prudential regulation, ensuring the harmonization of regulatory frameworks as well as other policies, when it deems appropriate.
3. The Committee shall meet at least once a year to review the implementation of this chapter.
Financial Services Committee. 1. The Parties hereby establish the Financial Services Committee (the Committee). The Committee shall be composed of representatives of the Parties as set out in Annex XX (Authorities responsible for Financial Services).
2. The Committee shall:
(a) supervise the implementation of this Chapter;
(b) consider issues regarding financial services that are referred to it by a Party;
(c) carry out a dialogue on the regulation of the financial services sector with a view to improving mutual knowledge of the Parties' respective regulatory systems and to cooperate in the development of international standards; and
(d) participate in the dispute settlement procedures in accordance with Article 18.20 (Investment Disputes in Financial Services).
3. The Committee shall meet as agreed to assess the functioning of this Agreement as it applies to financial services. The Committee shall inform the Joint Council of the results of any meeting. Meetings may be held by any technological means available to the Parties.
Financial Services Committee. 1. The Parties hereby establish a Financial Services Committee. The Financial 19 For greater certainty, nothing in Article 9.3 shall be construed to require a Party to accord such recognition to prudential measures of the other Party. Services Committee shall comprise officials of each Party responsible for financial services as set out in paragraph 4.
2. The Committee shall:
(a) supervise the implementation of this Chapter and its further elaboration;
(b) consider issues regarding financial services that are referred to it by a Party, including ways for the Parties to cooperate more effectively in the financial services sector and
(c) participate in the dispute settlement procedures in accordance with Article
Financial Services Committee. 1. The Parties establish the Financial Services Committee composed of the competent authorities of each Party. Likewise, representatives of other institutions may participate when the competent authorities deem it convenient.
2. The Committee :
a) supervise the implementation of this chapter and its further development;
b) shall consider the financial services aspects submitted to it by a Party;
c) participate in dispute settlement procedures in accordance with the provisions of Articles 11-18 and 11-19; and
d) facilitate the exchange of information between national supervisory authorities and cooperate in the area of prudential regulation, seeking the harmonization of regulatory frameworks and other policies when deemed appropriate.
3. The Committee shall meet at least once a year to evaluate the operation of this chapter.
Financial Services Committee. 1. The Parties establish the Financial Services Committee (hereinafter the Committee). The principal representative of each Party shall be an official of the Party's authority responsible for financial services set out in Annex 14.15.
2. The Committee:
(a) supervise the implementation of this Chapter and its further development;
(b) consider financial services matters referred to it by a Party; and
(c) participate in dispute settlement proceedings in accordance w i t h Article 14.18.
3. The Committee shall meet annually, or as otherwise agreed, to evaluate the operation of this Agreement as it relates to financial services. The Committee shall report to the Commission on the results of each meeting.
Financial Services Committee. Competent Authorities for the Administration of this Chapter
1. The competent authorities of each Party shall be:
(a) for the case of Mexico, the Secretaría de Hacienda y Crédito Público.
(b) in the case of Panama, the Dirección Nacional de Administración de Tratados Comerciales Internacionales y Defensa Comercial (DINATRADEC) of the Ministerio de Comercio e Industrias, in consultation with the Superintendencia de Bancos, the Superintendencia de Seguros y Reaseguros, and the Superintendencia del ▇▇▇▇▇▇▇ de Valores, or their respective successors. It shall be the responsibility of each Party to keep this Annex updated. For such purposes, the Parties shall notify in writing any changes to the information contained in paragraph 1.