The Scope and Form of Legislation Sample Clauses

The Scope and Form of Legislation. (i) In carrying out its tasks, the Union will not legislate in cases where the public policy concerned can be carried out by Member States acting individually or in small groupings or where methods of coordination can be used that do not require the passage of Union laws. This article on the general demarcation of powers and responsibilities creates a presumption in favour of the most local jurisdiction and in favour of the least onerous form of legislation, including the use of private market solutions. (ii) The laws of the Union shall provide general legislative frameworks, leaving to the Member States the choice and form of methods for achieving results with comparable effect (directives). The Union will also be able to enact measures that are directly applicable in all Member States (regulations). This defines the legal instruments of the Union in terms of the traditional distinction between a ‘directive’ and a ‘regulation’. (iii) The laws of the Union will apply only to cross border transactions between members, will give priority to mutual recognition of laws in the Member States and shall not pre-empt Member State legislation in the same field other than on matters agreed in respect of external trade policy. This provision limits the law-making authority of the Union so as to give a general protection to the law-making capacity of localities, regions and Member States so that they can reflect the preferences of their voters. Specific protections follow. The term ’cross border transactions’ should be understood to apply for example to immigration and pollution and not just to goods and services. The provision limits the law making authority in this way because other criteria are too vague to offer judicial protection against the overstepping of powers (for example whether actions in one member state ‘affect’ another). (iv) The Union will have no powers to interfere with the freedom of contract unless such contracts restrain competition. This provision places a specific restriction on Union activities in order to protect a basic market principle. In particular, the power to regulate or deregulate labour markets is to rest with Member States in order to allow Member States the greatest possible flexibility to achieve full employment as well as to learn from best practice. (v) Matters concerning the tax systems of Member States or the rates and levels at which taxes are levied are to be decided within each Member State and not by the Union or its instit...
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Related to The Scope and Form of Legislation

  • Compliance with Legislation Should any term of this Agreement fail to comply with a mandatory minimum standard or requirement imposed by applicable legislation, then the minimum standard or requirement shall apply in place of the offending term of this Agreement, and shall constitute the rights and obligations of the Parties in that respect.

  • Data Protection Legislation the UK Data Protection Legislation and any other European Union legislation relating to personal data and all other legislation and regulatory requirements in force from time to time which apply to a party relating to the use of Personal Data (including, without limitation, the privacy of electronic communications) and the guidance and codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation.

  • Compliance with Applicable Anti-Terrorism and Anti-Money Laundering Regulations In order to comply with laws, rules and regulations applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, the Indenture Trustee is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Indenture Trustee. Accordingly, each of the parties hereto agrees to provide to the Indenture Trustee upon its request from time to time such identifying information and documentation as may be available for such party in order to enable the Indenture Trustee to comply with applicable law.

  • Compliance with Money Laundering Legislation The Rights Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' written notice to the Corporation, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day period, then such resignation shall not be effective.

  • Implementation Legislation The Contracting Parties shall enact any legislation necessary to comply with, and give effect to, the terms of the Agreement.

  • Compliance with Xxxxxxxx-Xxxxx Act The Company will comply with all applicable securities and other laws, rules and regulations, including, without limitation, the Xxxxxxxx-Xxxxx Act, and use its best efforts to cause the Company’s directors and officers, in their capacities as such, to comply with such laws, rules and regulations, including, without limitation, the provisions of the Xxxxxxxx-Xxxxx Act.

  • Privacy Legislation The parties acknowledge that federal and/or provincial legislation that addresses the protection of individual’s personal information (collectively, “Privacy Laws”) applies to obligations and activities under this Agreement. Despite any other provision of this Agreement, neither party will take or direct any action that would contravene, or cause the other to contravene, applicable Privacy Laws. The Corporation will, prior to transferring or causing to be transferred personal information to the Rights Agent, obtain and retain required consents of the relevant individuals to the collection, use and disclosure of their personal information, or will have determined that such consents either have previously been given upon which the parties can rely or are not required under the Privacy Laws. The Rights Agent will use commercially reasonable efforts to ensure that its services hereunder comply with Privacy Laws.

  • Rules, Regulations and Policies Employee shall abide by and comply with all of the rules, regulations, and policies of Employer, including without limitation Employer's policy of strict adherence to, and compliance with, any and all requirements of the banking, securities, and antitrust laws and regulations.

  • Compliance with Federal Law, Regulations, and Executive Orders This is an acknowledgement that FEMA financial assistance will be used to fund all or a portion of the contract. The contractor will comply with all applicable Federal law, regulations, executive orders, FEMA policies, procedures, and directives.

  • Compliance with Xxxxxxxx Act requirements The contractor shall comply with the requirements of 29 CFR part 3, which are incorporated by reference in this contract.

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