JERSEY FINANCIAL SERVICES COMMISSION Sample Clauses
The 'Jersey Financial Services Commission' clause defines the role and authority of the Jersey Financial Services Commission (JFSC) within the context of the agreement. Typically, this clause clarifies that the parties are subject to the regulatory oversight of the JFSC, and may require compliance with its rules, reporting obligations, or approvals for certain transactions. For example, it might specify that any financial services provided under the contract must adhere to JFSC regulations, or that notifications must be made to the Commission in specific circumstances. The core function of this clause is to ensure regulatory compliance and transparency, thereby reducing legal and operational risks associated with financial services in Jersey.
JERSEY FINANCIAL SERVICES COMMISSION. (This agreement should be executed but not dated by the Lender and the Borrower prior to being forwarded to the Commission for execution and dating.) THIS SUBORDINATED LOAN AGREEMENT is made on (“the Lender”) of registered office: (“the Borrower”) of registered office: JERSEY FINANCIAL SERVICES COMMISSION, (the “Commission”), a body corporate established in Jersey by the Financial Services Commission (Jersey) Law 1998.