Common use of New Financial Services Clause in Contracts

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, to supply any new financial service that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic law, provided that the introduction of the financial service does not require the Party to adopt a new statute or modify an existing one.

New Financial Services. Each Party shall permit a financial institution institutions of the other Party, on request or notification to Party established in the relevant regulator, where required, territory of the Party to supply any a new financial service in the territory of the Party that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic law, provided that the introduction of the financial service does not require the Party to adopt without adopting or modifying a new statute or modify an existing onelaw13.

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, to supply any new financial service that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic law, provided that the introduction of the financial service does not require the Party to adopt a new statute laws or modify an existing onelaws.

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, Party to supply any new financial service that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic lawwithout additional legislative action by the first Party. Notwithstanding Article 10.4(b), provided that a Party may determine the introduction institutional and juridical form through which the new financial service may be supplied and may require authorization for the supply of the service. Where a Party requires such authorization of the new financial service does not require service, a decision shall be made within a reasonable time and the Party to adopt a new statute or modify an existing one.authorization may only be refused for prudential reasons. (10-3)

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, Party to supply any new financial service that the first Party would permit its own financial institutions, in like circumstances, to t o supply under its domestic lawwithout additional legislative action by the first Party. Notwithstanding Article 10.4(b), provided that a Party may determine the introduction institutional and juridical form through which the new financial service may be supplied and may require authorization for the supply of the service. Where a Party requires such authorization of the new financial service does not require service, a decision shall be made within a reasonable time and the Party to adopt a new statute or modify an existing one.authorization may only be refused for prudential reasons.10-3

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, another Party established in its territory to supply any new financial service that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic lawwithout additional legislative action by the Party. Notwithstanding Article 12.4(b), provided that a Party may determine the introduction institutional and juridical form through which the new financial service may be supplied and may require authorization for the supply of the financial service does not require the service. Where a Party requires authorization to adopt supply a new statute or modify an existing onefinancial service, a decision shall be made within a reasonable time and the authorization may only be refused for prudential reasons.

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, Party to supply any new financial service that the first Party would permit its own financial institutions, in like circumstancessituations, to supply under its domestic law, provided that on request or notification to the introduction of the financial service does not require the Party to adopt a new statute or modify an existing onerelevant regulator, if required.

New Financial Services. 1. Each Party shall permit a financial institution institutions of the other Party, on request or notification to Party established in the relevant regulator, where required, territory of the Party to supply any a new financial service in the territory of the Party that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic lawwithout adopting or modifying a law (13). 2. Where an application is approved, provided that the introduction supply of the new financial service does not require is subject to relevant licensing, institutional or juridical form, or other requirements of the Party to adopt a new statute or modify an existing oneParty.

New Financial Services. Each A Party shall permit a financial institution of the other Party, on request or notification to the relevant regulator, where required, Party to supply any a new financial service that the first Party would permit its own financial institutions, in like circumstances, to supply under its domestic law, provided that the introduction of the financial service does not require the . A Party to adopt a new statute or modify an existing one.may:

New Financial Services. Each Party shall permit a financial institution of the other Party, on request or notification Party to the relevant regulator, where required, lend to supply any new financial service of a type similar to those which that the first other Party would permit permits its own financial institutionsinstitutions to provide, in like circumstancesaccordance with its legislation. The Party may decide the institutional and legal modality through which such service is offered and may require authorization for the provision of such service. When such authorization is required, to supply under its domestic law, provided that the introduction respective resolution shall be issued within a reasonable period of the financial service does not require the Party to adopt a new statute or modify an existing onetime and authorization may only be denied for prudential reasons.