Common use of Prudential carve-out Clause in Contracts

Prudential carve-out. Nothing in this Agreement shall prevent a Party from adopting or maintaining measures for prudential reasons, including for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by a financial services supplier, or to ensure the integrity, soundness and stability of the financial system. Where such measures do not conform with the provisions of this Chapter, they shall not be used as a means of avoiding the Party’s commitments or obligations under this Chapter.

Appears in 2 contracts

Samples: Free Trade Agreement, Free Trade Agreement

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Prudential carve-out. Nothing in this Agreement shall prevent a Party from adopting or maintaining measures for prudential reasons, including for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by a financial services supplier, or to ensure the integrity, soundness and stability of the financial system. Where such measures do not conform with the provisions of this Chapter, they shall not be used as a means of avoiding the Party’s 's commitments or obligations under this Chapter.

Appears in 1 contract

Samples: Free Trade Agreement

Prudential carve-out. Nothing in 1. Notwithstanding any other provisions of this Agreement shall prevent Chapter or Chapter 12 (Investment), a Party shall not be prevented from adopting or maintaining measures for prudential reasons, including for the protection of investors, depositors, policy holders holders, or persons to whom a fiduciary duty is owed by a financial services service supplier, or to ensure the integrity, soundness integrity and stability of the financial system. 2. Where such measures do not conform with to the provisions of this ChapterAgreement referred to in paragraph 1, they shall not be used as a means of avoiding the Party’s 's commitments or obligations under this Chaptersuch provisions.

Appears in 1 contract

Samples: Free Trade Agreement

Prudential carve-out. 1. Nothing in this Agreement shall prevent a Party from adopting or maintaining measures for prudential reasons, including for such as: (a) the protection of investors, depositors, policy policy-holders or persons to whom a fiduciary duty is owed by a financial services service supplier, or to ensure ; or (b) ensuring the integrity, soundness integrity and stability of the a Party's financial system. 2. Where such measures do not conform with the provisions of this ChapterAgreement, they shall not be used as a means of avoiding the Party’s 's commitments or obligations under this Chapterthe Agreement.

Appears in 1 contract

Samples: Free Trade Agreement

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Prudential carve-out. 1. Nothing in this Agreement shall prevent a Party from adopting or maintaining measures for prudential reasons, including for such as: (a) the protection of investors, depositors, policy policy-holders or persons to whom a fiduciary duty is owed by a financial services service supplier, or to ensure ; or (b) ensuring the integrity, soundness integrity and stability of the a Party's financial system. 2. Where such measures do not conform with the provisions of this ChapterAgreement, they shall not be used as a means of avoiding the Party’s 's commitments or obligations under this ChapterAgreement.

Appears in 1 contract

Samples: Free Trade Agreement

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