Passporting. If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Base Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 24 and Article 25 of the Prospectus Regulation then the arrangements relating to such request will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the Central Bank to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 24 and Article 25 of the Prospectus Regulation and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.
Passporting. If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State that approved the Offering Circular will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 17 and Article 18 of the Prospectus Directive then the arrangements relating to such request (including, but not limited to, the cost of preparing any summary required pursuant to Article 19(4) of the Prospectus Directive) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the FSA to the competent authority in any host Member State in accordance with Article 17 and Article 18 of the Prospectus Directive and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.
Passporting. (a) The Issuer confirms that it has requested the CBI to notify the competent authority of Norway in accordance with the procedures established by Article 24 and Article 25 of the Prospectus Regulation and, in this connection, undertakes that it shall take all necessary steps required by the competent authority of Norway.
(b) If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Offering Circular will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 24 and Article 25 of the Prospectus Regulation then the arrangements relating to such request will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the CBI to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 24 and Article 25 of the Prospectus Regulation and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.
Passporting. If in relation to any issue of Notes, it is agreed between the Issuer and the relevant Dealer or Lead Manager to request that a certificate of approval under Article 24 and Article 25 of the Prospectus Regulation be provided in respect of the Securities Note (and any supplement) relating to such Notes, the Issuer undertakes to use its reasonable endeavours to procure that such a certificate is issued by the Competent Authority in Ireland (accompanied by such translation(s) as may be required therewith) to the competent authority in each relevant Member State.
Passporting. 8. Both the PRA and the FCA will have a role in the administration of the passport notification process as explained in the table below. This section complies with FSMA requirements to publish arrangements made to consult each other regarding EEA passport rights. These arrangements came into force on 1 April 2013.
9. The lead regulator will be responsible for managing a single administrative process, providing the other regulator with copies of any forms, information and accompanying documents received and administering notices to the Home or Host state regulator and to the firm concerned. The lead regulator will provide the other with copies of the notice received, as required, and have regard to any advice or representations received from the other. Scenario Role of PRA Role of FCA 1 Inward passporting via CRD or SII. Inward passporting (all other single market directives, paragraph 1 of Schedule 3 to FSMA) where firm is already passporting via CRD or SII. Lead regulator. PRA is required to consult with the FCA. (PRA must give a copy of the consent notice without delay to FCA, paragraph 13(1B)/14(1B) of Schedule 3 to FSMA). May make representations to PRA. 2 Inward passporting (all single market directives, paragraph 1 of Schedule 3 to FSMA) where firm is not passporting via CRD or SII. For passporting notices from an investment firm under XxXXX XX wishing to set up a UK branch, which relate to a PRA-regulated activity, a PRA-authorised person or where the firm is in the immediate group of a PRA- authorised person, the FCA requires the consent of the Lead regulator. For passporting notices to an investment firm under MiFID II wishing to set up a UK branch, which relate to a PRA-regulated activity, a PRA-authorised person or where the firm is in the immediate group of a PRA- authorised person, the FCA Scenario Role of PRA Role of FCA PRA (Paragraph 13(1D) of Schedule 3 to FSMA). requires the consent of the PRA. (Paragraph 13(1D) of Schedule 3 to FSMA). FCA must give a copy of the consent notice to the PRA without delay, where it receives the notice from an investment firm under MIFID II wishing to set up a UK branch, where the firm intends to provide services or activities in the UK consisting of or including dealing on its own account. This duty only applies where the firm is required under Article 28(2) of the CRD4 to have initial capital of EUR 730, 000 (Paragraph 13(1C) of Schedule 3 to FSMA and paragraph 2A of the Financial Services and Markets Act 2...
Passporting. If the Issuer has agreed with one or more Dealers that the home Member State that approved the Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Articles 17 and 18 of the Prospectus Directive, then the arrangements relating to such request (including, but not limited to, the cost of translating any summary contained in the Prospectus for the purposes of the relevant host Member State) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the Financial Conduct Authority to the competent authority in any host Member State in accordance with Article 17 and Article 18 of the Prospectus Directive.
Passporting. If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Base Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 17 and Article 18 of the Prospectus Directive then the arrangements relating to such request (including, but not limited to, the cost of preparing any summary required pursuant to Article 19(4) of the Prospectus Directive) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes (failing which each Guarantor undertakes) that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the CSSF (as the competent authority in Luxembourg) to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 17 and Article 18 of the Prospectus Directive and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.
Passporting. If the Issuer has agreed with one or more Dealers that the home Member State that approved the Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 18 of the Prospectus Directive, then the arrangements relating to such request (including, but not limited to, the cost of translating any summary contained in the Prospectus for the purposes of the relevant host Member State) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time.
Passporting. If, in relation to any issue of Notes, the Issuer has agreed with the relevant Dealer(s) that the home Member State that approved the Base Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 17 and Article 18 of the Prospectus Directive then the arrangements relating to such request (including, but not limited to, the cost of preparing any summary required pursuant to Article 19(4) of the Prospectus Directive and any translation of the summary, if such is required) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the CSSF to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 17 and Article 18 of the Prospectus Directive and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.
Passporting. Each of the Issuer and the Guarantor undertakes to promptly notify the Arranger, on behalf of the Dealers, and the Arranger shall promptly notify the Dealers, following receipt by the Issuer of confirmation that a certificate of approval has been delivered by the home Member State that has approved the Base Prospectus to the competent authority in any host Member State, as a result of a request by the Issuer under Article 25 of the Prospectus Regulation and, in this connection, each of the Issuer and the Guarantor undertakes that it shall take all necessary steps required by the competent authority of the host Member State. If, in relation to any issue of Certificates, the Issuer has agreed with the relevant Dealer(s) that the home Member State which approved the Base Prospectus will be requested to provide a certificate of approval to the competent authority of one or more host Member State(s) under Article 24 and Article 25 of the Prospectus Regulation then the arrangements relating to such request (including, but not limited to, the cost of translating the issue specific summary of the Certificates for the purposes of the relevant host Member State) will be agreed between the Issuer and the relevant Dealer(s) at the relevant time. In any such case, the Issuer undertakes that it will use all reasonable endeavours to procure the delivery of a certificate of approval by the home Member State to the competent authority in any host Member State and the European Securities and Markets Authority in accordance with Article 24 and Article 25 of the Prospectus Regulation and shall promptly notify each Dealer following receipt by the Issuer of confirmation that such certificate of approval has been so delivered.
