Common use of Scope of assistance Clause in Contracts

Scope of assistance. Referral mechanism 5.1. The Authorities will refer to each other Innovator Businesses that would like to operate in the other Authority’s jurisdiction. The Receiving Authority intends to assist the Innovator Businesses in understanding the regulatory regime under the Receiving Authority’s remit, and how such regimes may be relevant to them. 5.2. The Authorities intend to share information about innovations in financial services in their respective markets, where appropriate. This may include, but is not limited to: 5.2.1. Emerging trends and developments; 5.2.2. Regulatory issues pertaining to innovation in financial services; and 5.2.3. Information on organisations or bodies which lead efforts to promote innovation in financial services. 5.3. Authorities intend to consider participating in joint innovation projects on the application of novel financial technologies.

Scope of assistance. Referral mechanism‌ 5.1. The Authorities will refer to each other Innovator Businesses that would like to operate in the other Authority’s jurisdiction. The Receiving Authority intends to assist the Innovator Businesses in understanding the regulatory regime under the Receiving Authority’s remit, and how such regimes may be relevant to them. 5.2. The Authorities intend to share information about innovations in financial services in their respective markets, where appropriate. This may include, but is not limited to: 5.2.1. Emerging trends and developments; 5.2.2. Regulatory issues pertaining to innovation in financial services; and 5.2.3. Information on organisations or bodies which lead efforts to promote innovation in financial services. 5.3. Authorities intend to consider participating in joint innovation projects on the application of novel financial technologies.