Prudential Carve. Out 1. Nothing in this Agreement shall be construed as preventing a Party from adopting or maintaining measures for prudential reasons, such as: (a) the protection of investors, depositors, policy-holders or persons to whom a fiduciary duty is owed by a financial service supplier; or (b) ensuring the integrity and stability of a Party's financial system.
Appears in 5 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
Prudential Carve. Out out
1. Nothing in this Agreement shall be construed as preventing prevent a Party from adopting or maintaining measures for prudential reasons, such as: :
(a) the protection of investors, depositors, policy-holders or persons to whom a fiduciary duty is owed by a financial service supplier; or or
(b) ensuring to ensure the integrity and stability of a Party's ’s financial system.
2. Where such measures do not conform to the provisions of this Agreement, they shall not be used as a means of avoiding the Party’s commitments or obligations under the Agreement.
Appears in 1 contract
Samples: Financial Services Agreement
