Common use of Prudential Measures Clause in Contracts

Prudential Measures. 1. Notwithstanding any other provisions of this Agreement, a Contracting Party shall not be prevented from taking measures relating to financial services for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom fiduciary duty is owed by an enterprise supplying financial services or to ensure the integrity and stability of its financial system. 2. In cases where a Contracting Party takes any measure, pursuant to paragraph 1, that does not conform with the obligations of the provisions of this Agreement, that Contracting Party shall not use such measure as a means of avoiding its obligations. 3. Nothing in this Agreement shall be construed to prevent a Contracting Party from adopting non-discriminatory measures of general application in pursuit of monetary, exchange rate and related credit policies such as those aimed to reducing exchange rate volatility, limiting speculative capital inflows or preserving the stability of domestic prices.

Prudential Measures. 1. Notwithstanding any other provisions of this Agreement, a Contracting Party shall not be prevented from taking measures relating to financial services for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom fiduciary duty is owed by an enterprise supplying financial services or to ensure the integrity and stability of its financial system. 2. In cases where a Contracting Party takes any measure, pursuant to paragraph 1, that does not conform with the obligations of the provisions of this Agreement, that Contracting Party shall not use such measure as a means of avoiding its obligations. 3. Nothing in this Agreement shall be construed to prevent a Contracting Party from adopting non-non- discriminatory measures of general application in pursuit of monetary, exchange rate and related credit policies such as those aimed to reducing exchange rate volatility, limiting speculative capital inflows or preserving the stability of domestic prices.