Regulatory Position Sample Clauses
The Regulatory Position clause defines the parties' obligations and responsibilities in relation to compliance with applicable laws and regulations. Typically, this clause outlines how each party must ensure their activities under the agreement adhere to relevant regulatory requirements, such as obtaining necessary licenses or permits. It may also specify procedures for notifying the other party of regulatory changes that could impact the agreement. The core function of this clause is to allocate responsibility for legal compliance, thereby reducing the risk of regulatory breaches and ensuring both parties are aware of their duties in a changing legal environment.
Regulatory Position. The Agent is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Nothing in this Agreement shall require the Agent to carry on an activity of the kind specified by any provision of Part II (other than article 5 (accepting deposits)) of the Financial Services and Markets Act ▇▇▇▇ (▇egulated Activities) Order 2001 or to lend money to any Borrower in its capacity as Agent.
Regulatory Position. The Senior Agent is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Nothing in this Agreement shall require the Senior Agent to carry on an activity of the kind specified by any provision of Part II (other than article 5 (accepting deposits)) of the Financial Services and Markets ▇▇▇ ▇▇▇▇ (Regulated Activities) Order 2001 or to lend money to an Obligor in its capacity as Senior Agent.
Regulatory Position. The Facility Agent is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Nothing in this Agreement shall require the Facility Agent to carry on an activity of the kind specified by any provision of Part II (other than article 5 (accepting deposits)) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 or to lend money to the Borrower in its capacity as Facility Agent.
Regulatory Position. 11.1 AT as road controlling authority
Regulatory Position. Nothing in this Agreement shall require the Facility Agent to carry on an activity of the kind specified by any provision of Part I of Schedule 2 of the Securities and Futures Act (Cap. 289) of Singapore, or to lend money to the Borrower in its capacity as Facility Agent.
Regulatory Position. (a) Notwithstanding anything in any Transaction Documents to the contrary, the Security Agent shall not do, or be authorised or required to do, anything which might be constituted a regulated activity for the purpose of the Financial Services and Markets Act 2000 (FSMA), unless it is authorised under FSMA to do so.
(b) The Security Agent shall have the discretion at any time:
(i) to delegate any of the functions which fall to be performed by an authorised person under FSMA to any other agent or person which also has the necessary authorisations and licenses; and
(ii) to apply for authorisation under FSMA and perform any or all such functions itself if, in its absolute discretion, it considers it necessary, desirable or appropriate to do so.
Regulatory Position. 10.1. This Agreement does not bind the Council, in its regulatory capacity, in any way and any consent or agreement the Council gives under this agreement is not an agreement in its regulatory capacity. When acting in its regulatory capacity, Council is entitled to consider all applications to it without regard to this agreement. The Council will not be liable to the RSA or any other party if, in its regulatory capacity, the Council declines or imposes conditions on any consent or permission that the RSA or any other party seeks for any purpose associated with this agreement.
Regulatory Position. (a) Notwithstanding anything in any Finance Document to the contrary, a Security Agent shall not do, or be authorised or required to do, anything which might constitute a regulated activity for the purpose of Part 1 of Schedule 5 of the Securities and Futures Ordinance (Cap.571) of the Laws of Hong Kong (the “SFO”), unless it is authorised under the SFO to do so.
(b) A Security Agent shall have the discretion at any time:
(i) to delegate any of the functions which fall to be performed by an authorised person under the SFO to any other agent or person which also has the necessary authorisations and licences; and
(ii) to apply for authorisations under the SFO and perform any or all such functions itself if, in its absolute discretion, it considers it necessary, desirable or appropriate to do so.
Regulatory Position. Notwithstanding anything in the Trust Deed or any other Programme document to the contrary, the Note Trustee shall not do, or be authorised or required to do, anything which might constitute a regulated activity for the purpose of FSMA, unless it is authorised under FSMA to do so. The Note Trustee shall have the discretion at any time:
(a) to delegate any of the functions which fall to be performed by an authorised person under FSMA to any other agent or person which also has the necessary authorisations and licences; and
(b) to apply for authorisation under FSMA and perform any or all such functions itself if, in its absolute discretion, it considers it necessary, desirable or appropriate to do so. Nothing in this Trust Deed shall require the Note Trustee to assume an obligation of the Relevant Issuers arising under any provisions of the listing, prospectus, disclosure or transparency rules (or equivalent rules of any other competent authority besides the Financial Services Authority).