Common use of Regulatory Obligations Clause in Contracts

Regulatory Obligations. 10.1 Either party will notify the other immediately it becomes aware of any disciplinary action or investigation planned, requested or conducted by any Regulator, relating in any way to itself or any of its representatives, except where such notification would place the notifying party in breach of any applicable law, or where the notifying party would be acting contrary to any Regulatory Rules. 10.2 Each party (the “Indemnifying Party”) hereby covenants and undertakes that it will on written demand indemnify (fully and effectually) and hold harmless the other party against any demands, liabilities and obligations (whether absolute, contingent, actual or future) and all claims, costs and expenses incurred in relation thereto, directly, indirectly or arising out of or in connection with any failure by the Indemnifying Party to comply with any Regulatory Consent.” 10.3 The Introducer shall: (a) comply with all applicable laws, statutes, regulations relating to anti-bribery and anti- corruption including but not limited to the Xxxxxxx Xxx 0000 (Relevant Requirements); (b) not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Xxxxxxx Xxx 0000 if such activity, practice or conduct had been carried out in the UK; (c) have and shall maintain in place throughout the term of this agreement its own policies and procedures, including adequate procedures under the Xxxxxxx Xxx 0000, to ensure compliance with the Relevant Requirements, the Relevant Policies and will enforce them where appropriate.

Regulatory Obligations. 10.1 Either party will notify the other immediately it becomes aware of any disciplinary action or investigation planned, requested or conducted by any Regulator, relating in any way to itself or any of its representatives, except where such notification would place the notifying party in breach of any applicable law, or where the notifying party would be acting contrary to any Regulatory Rules. 10.2 Each party (the “Indemnifying Party”) hereby covenants and undertakes that it will on written demand indemnify (fully and effectually) and hold harmless the other party against any demands, liabilities and obligations (whether absolute, contingent, actual or future) and all claims, costs and expenses incurred in relation thereto, directly, indirectly or arising out of or in connection with any failure by the Indemnifying Party to comply with any Regulatory Consent.” 10.3 The Introducer shall: (a) comply with all applicable laws, statutes, regulations relating to anti-bribery and anti- corruption including but not limited to the Xxxxxxx Xxx 0000 (the “Relevant Requirements”); (b) not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Xxxxxxx Xxx 0000 if such activity, practice or conduct had been carried out in the UK; (c) have and shall maintain in place throughout the term of this agreement its own policies and procedures, including adequate procedures under the Xxxxxxx Xxx 0000, to ensure compliance with the Relevant Requirements, the Relevant Policies and will enforce them where appropriate.

Regulatory Obligations. 10.1 9.1 Either party will notify the other immediately it becomes aware of any disciplinary action or investigation planned, requested or conducted by any Regulator, relating in any way to itself or any of its representatives, except where such notification would place the notifying party in breach of any applicable law, or where the notifying party would be acting contrary to any Regulatory Rules. 10.2 9.2 Each party (the “Indemnifying Party”) hereby covenants and undertakes that it will on written demand indemnify (fully and effectually) and hold harmless the other party against any demands, liabilities and obligations (whether absolute, contingent, actual or future) and all claims, costs and expenses incurred in relation thereto, directly, indirectly or arising out of or in connection with any failure by the Indemnifying Party to comply with any Regulatory Consent.” 10.3 9.3 The Introducer shall: (a) comply with all applicable laws, statutes, regulations relating to anti-bribery and anti- corruption including but not limited to the Xxxxxxx Xxx 0000 (Relevant Requirements); (b) not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Xxxxxxx Xxx 0000 if such activity, practice or conduct had been carried out in the UK; (c) have and shall maintain in place throughout the term of this agreement its own policies and procedures, including adequate procedures under the Xxxxxxx Xxx 0000, to ensure compliance with the Relevant Requirements, the Relevant Policies and will enforce them where appropriate.

Regulatory Obligations. 10.1 9.1 Either party will notify the other immediately it becomes aware of any disciplinary action or investigation planned, requested or conducted by any Regulator, relating in any way to itself or any of its representatives, except where such notification would place the notifying party in breach of any applicable law, or where the notifying party would be acting contrary to any Regulatory Rules. 10.2 9.2 Each party (the “Indemnifying Party”) hereby covenants and undertakes that it will on written demand indemnify (fully and effectually) and hold harmless the other party against any demands, liabilities and obligations (whether absolute, contingent, actual or future) and all claims, costs and expenses incurred in relation thereto, directly, indirectly or arising out of or in connection with any failure by the Indemnifying Party to comply with any Regulatory Consent.” 10.3 9.3 The Introducer shall: (a) comply with all applicable laws, statutes, regulations relating to anti-bribery and anti- corruption including but not limited to the Xxxxxxx Xxx 0000 (Relevant Requirements); (b) not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Xxxxxxx Xxx 0000 if such activity, practice or conduct had been carried out in the UK; (c) comply with Al Rayan Bank’s ethical policies notified to the Introducer as Al Rayan Bank may update them from time to time (Relevant Policies); (d) have and shall maintain in place throughout the term of this agreement its own policies and procedures, including adequate procedures under the Xxxxxxx Xxx 0000, to ensure compliance with the Relevant Requirements, the Relevant Policies and will enforce them where appropriate.