Common use of TRACEABILITY OF FINANCIAL FLOWS Clause in Contracts

TRACEABILITY OF FINANCIAL FLOWS. 13.1 Borsa Italiana and the Client assume all obligations regarding the traceability of the financial flows provided by Law 136/2010, as subsequently amended and implemented (the “Traceability Obligations”). 13.2 In relation to the payments to be made pursuant to the present Contract, the Client, if it is a public contractor pursuant to decree law no. 50/2016 (Code of public contracts), to ensure the enforcement of Law 136/2010 and subsequent amendments, undertakes to communicate to Borsa Italiana, by the form attached to these Agreement under Annex 2 (Traceability Obligations), the identification bidding code (CIG) and, in case, the unique code of project (CUP). 13.3 In particular, in fulfilling the Traceability Obligations, Borsa Italiana will communicate to the Client: (i) the bank accounts details to be used, also non exclusively, for the payments to be made by the Client pursuant to the present Agreement; (ii) the personal details and the fiscal code of the persons delegated to operate on them, indicating the relevant role and powers, within 7 (seven) days from the creation of the accounts above (or, in case of existing accounts, within 7 (seven) days from their first use in relation to the payments made by the Client). 13.4 It being understood that, save for possible derogations and partial exemptions to Law 136/2010, failure to use instruments suitable to permit the full traceability of the financial flows (for instance, bank or post transfer) and the failure to comply with any other Traceability Obligations, are ground to terminate the present Agreement. 13.5 Borsa Italiana undertakes, in particular, to inform the Client and the Prefecture (territorial office of the Government of the province where the Client has its registered office) if it becomes aware of breaches by its contractual counterparties, if any, in relation to the Traceability Obligations.

Appears in 2 contracts

Samples: Service Agreement, On Demand Data Agreement

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TRACEABILITY OF FINANCIAL FLOWS. 13.1 15.1 Borsa Italiana and the Client assume all obligations regarding the traceability of the financial flows provided by Law 136/2010, as subsequently amended and implemented (the “Traceability Obligations”). 13.2 15.2 In relation to the payments to be made pursuant to the present Contract, the Client, if it is a public contractor pursuant to decree law no. 50/2016 163/2006 (Code of public contractscontracts for works, services and supplies), to ensure the enforcement of Law 136/2010 and subsequent amendments, undertakes to communicate to Borsa Italiana, by the form attached to these Agreement under Annex 2 (Traceability Obligations), the identification bidding code (CIG) and, in case, the unique code of project (CUP). 13.3 15.3 In particular, in fulfilling the Traceability Obligations, Borsa Italiana will communicate to the Client: (i) the bank accounts details to be used, also non exclusively, for the payments to be made by the Client pursuant to the present Agreement; (ii) the personal details and the fiscal code of the persons delegated to operate on them, indicating the relevant role and powers, within 7 (seven) days from the creation of the accounts above (or, in case of existing accounts, within 7 (seven) days from their first use in relation to the payments made by the Client). 13.4 15.4 It being understood that, save for possible derogations and partial exemptions to Law 136/2010, failure to use instruments suitable to permit the full traceability of the financial flows (for instance, bank or post transfer) and the failure to comply with any other Traceability Obligations, are ground to terminate the present Agreement. 13.5 15.5 Borsa Italiana undertakes, in particular, to inform the Client and the Prefecture (territorial office of the Government of the province where the Client has its registered office) if it becomes aware of breaches by its contractual counterparties, if any, in relation to the Traceability Obligations.

Appears in 1 contract

Samples: Bit Data Services Agreement

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TRACEABILITY OF FINANCIAL FLOWS. 13.1 15.1 Borsa Italiana and the Client assume all obligations regarding the traceability of the financial flows provided by Law 136/2010, as subsequently amended and implemented (the “Traceability Obligations”). 13.2 15.2 In relation to the payments to be made pursuant to the present Contract, the Client, if it is a public contractor pursuant to decree law no. 50/2016 163/2006 (Code of public contractscontracts for works, services and supplies), to ensure the enforcement of Law 136/2010 and subsequent amendments, undertakes to communicate to Borsa Italiana, by the form attached to these Agreement under Annex 2 (Traceability Obligations), the identification bidding code (CIG) and, in case, the unique code of project (CUP). 13.3 15.3 In particular, in fulfilling the Traceability Obligations, Borsa Italiana will communicate to the Client: (i) the bank accounts details to be used, also non exclusively, for the payments to be made by the Client pursuant to the present Agreement; (ii) the personal details and the fiscal code of the persons delegated to operate on them, indicating the relevant role and powers, within 7 (seven) days from the creation of the accounts above (or, in case of existing accounts, within 7 (seven) days from their first use in relation to the payments made by the Client).the 13.4 15.4 It being understood that, save for possible derogations and partial exemptions to Law 136/2010, failure to use instruments suitable to permit the full traceability of the financial flows (for instance, bank or post transfer) and the failure to comply with any other Traceability Obligations, are ground to terminate the present Agreement. 13.5 15.5 Borsa Italiana undertakes, in particular, to inform the Client and the Prefecture (territorial office of the Government of the province where the Client has its registered office) if it becomes aware of breaches by its contractual counterparties, if any, in relation to the Traceability Obligations.

Appears in 1 contract

Samples: Data Services Agreement

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