Regulated Activities. 6.1 The Parties acknowledge that the Advisor shall not provide any Services to the extent that this would constitute a Regulated Activity which falls outside the scope of the FCA permissions held by the Advisor at the relevant time. 6.2 Nothing in this Agreement shall require the Advisor to do, or refrain from doing, anything which would cause the Advisor to be required to obtain, breach, or amend any regulatory authorisation or licence from the FCA or any other Governmental Authority. 6.3 The Advisor has classified each of the SPAC and the Sponsor as professional clients for the purposes of the FCA Rules and each of the Sponsor and the SPAC shall benefit from the regulatory protections afforded to that category of client under the FCA Rules. Each of the SPAC and the Sponsor shall be responsible for notifying the Advisor of any change that could affect its categorisation as a professional client. The SPAC and the Sponsor each have the right to request a different client categorisation under the FCA Rules, but if either the SPAC or the Sponsor were to request categorisation as a retail client, the Advisor would not be permitted to provide the Services to the relevant Recipient and may refuse such request.
Appears in 4 contracts
Samples: Investment Advisory Agreement (SDCL EDGE Acquisition Corp), Investment Advisory Agreement (SDCL EDGE Acquisition Corp), Investment Advisory Agreement (SDCL EDGE Acquisition Corp)
