Common use of Unsolicited Assistance Clause in Contracts

Unsolicited Assistance. Each Authority will make all reasonable efforts to provide the other Authority, in as much detail as possible, without prior request and in advance to the extent practicable, with any information likely to be of assistance to the other Authority for the purposes of carrying out its responsibilities under the Laws and Regulations, including information concerning: a) Any known material event that could have a significant effect on the operation of a Covered Entity or could otherwise adversely impact investor protection, financial stability or the integrity and orderly functioning of the markets in the jurisdiction of the other Authority; b) Suspicious Transactions and Orders Reports falling within the remit of the other Authority; c) Enforcement or regulatory actions, including investigations or sanctions which could have, in its reasonable opinion, a material effect on a Covered Entity, including the withdrawal, suspension or modification of relevant authorisation or registration, concerning or related to such Covered Entity.