Common use of Product Governance Rules Clause in Contracts

Product Governance Rules. Solely for the purposes of the requirements of Article 9(8) of the MiFID Product Governance rules under EU Delegated Directive 2017/593 (the “Product Governance Rules”) regarding the mutual responsibilities of manufacturers under the Product Governance Rules: (a) each of BNP Paribas, X.X. Xxxxxx Securities plc, MUFG Securities EMEA plc and SMBC Nikko Capital Markets Limited (each, a “Manufacturer” and, together, the “Manufacturers”) acknowledges to each other Manufacturer it understands the responsibilities conferred upon it under the Product Governance Rules relating to each of the product approval process, the target market and the proposed distribution channels as applying to the Securities and the related information set out in the Registration Statement, any Preliminary Prospectus, the Disclosure Package, the Final Prospectus or any such amendment or supplement, each in connection with the Securities; and (b) the Underwriters (other than the Manufacturers) and the Company note the application of the Product Governance Rules and acknowledge the target market and proposed distribution channels identified as applying to the Securities by the Manufacturers and the related information set out in the Registration Statement, any Preliminary Prospectus, the Disclosure Package, the Final Prospectus or any such amendment or supplement, each in connection with the Securities.

Product Governance Rules. Solely for the purposes of the requirements of Article 9(8) of the MiFID MIFID Product Governance rules under EU Delegated Directive 2017/593 (the “Product Governance Rules”) regarding the mutual responsibilities of manufacturers under the Product Governance Rules: (a) each a. Each of BNP Paribas, X.X. Xxxxxx Securities plcCitigroup Global Markets Limited, MUFG Securities EMEA plc Xxxxxxx Sachs & Co. LLC, Xxxxxxx Xxxxx International and SMBC Nikko Capital NatWest Markets Limited Plc, (each, each a “Manufacturer” and, together, and together the “Manufacturers”) acknowledges to each other Manufacturer that it understands the responsibilities conferred upon it under the Product Governance Rules relating to each of the product approval process, the target market and the proposed distribution channels as applying to the Securities and the related information set out in the Registration Statement, any Preliminary Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or the Final Prospectus or and any such amendment or supplement, each announcements in connection with the Securities; and (b) b. the Underwriters (other than Company, the Manufacturers) Carnival Corp., Barclays Bank PLC, Mizuho International plc, Banco Santander, S.A., Bank of China Limited, London Branch, Deutsche Bank AG, London Branch and the Company Lloyds Bank Corporate Markets plc note the application of the Product Governance Rules and acknowledge the target market and proposed distribution channels identified as applying to the Securities by the Manufacturers and the related information set out in the Registration Statement, any Preliminary Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or the Final Prospectus or and any such amendment or supplement, each announcement in connection with the Securities.