Internal Regulation. 1. The procedure for issuing licenses, as well as special permits for carrying out activities in the financial services markets in the territory of the State of the Party shall be carried out in accordance with the national legislation of the Party in whose territory the activities are supposed to be carried out. 2. Nothing in this Agreement prevents a Party from taking prudential measures, including protecting investors, depositors, policyholders and persons to whom the service provider has fiduciary responsibility, or measures to ensure the integrity and stability of the financial system. If such measures do not comply with the provisions of the Agreement, they should not be used as a means of evading a Party from fulfilling the obligations assumed by such a Party in accordance with the Agreement. 3. Nothing in this Appendix shall be construed as requiring a Party to disclose information relating to individual customer accounts or any other confidential or proprietary information held by government agencies.
Appears in 4 contracts
Samples: Agreement on Trade in Services and Investments, Agreement on Trade in Services and Investments, Agreement on Trade in Services and Investments
