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 market trends and developments; 5.2.2. regulatory and policy issues pertaining to innovation in financial services; and 5.2.3. any other relevant issues on Fintech. 5.3. The Authorities intend to consider participating in joint innovation projects on the application of novel financial technologies. 5.4. Each Authority may allow its staff, as appropriate, to give presentations and conduct training sessions for the other Authority to share expertise and knowledge. 5.5. Authorities may second their staff on attachment to the other Authority on a case-by-case basis, subject to such terms and conditions as may be agreed.

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 Emerging market trends and developments; 5.2.2. regulatory and policy Regulatory issues pertaining to innovation in financial services; and 5.2.3. any other relevant issues Information on Fintechorganisations or bodies which lead efforts to promote innovation in financial services. 5.3. The Authorities intend to consider participating in joint innovation projects on the application of novel financial technologies. 5.4. Each Authority may allow its staff, as appropriate, to give presentations and conduct training sessions for the other Authority to share expertise and knowledge. 5.5. Authorities may second their staff on attachment to the other Authority on a case-by-case basis, subject to such terms and conditions as may be agreed.