YOUR REGULATORY STATUS. If you are a registered broker or dealer under the Securities Exchange Act of 1934 (“1934 Act”), you agree that the terms in Schedule B apply. Otherwise, you agree that the terms in Schedule C apply.
YOUR REGULATORY STATUS. 3.1 If Your business, or any part of it, falls under the Rules of the FCA (or that of any other national Regulatory Authorities), You will maintain the necessary authorisations and permissions to carry on general insurance business and fulfil Your duties and obligations under this Agreement.
3.2 You will comply with all relevant Rules (including customer protection standards) including but not limited to:
i) Treating Customers Fairly;
ii) Having appropriate systems and controls in place given the complexity of Your business;
iii) Only undertaking activities which You are competent to perform and selling Citybond’s products in strict accordance with the product conditions and the needs of Your Clients.
3.3 You will inform Citybond in writing immediately if, during any time that this Agreement is in force:
i) Your authorisation is suspended or withdrawn (in full or in part) by any Regulatory Authority;
ii) You are subject to disciplinary action or are under investigation by any Regulatory Authority;
iii) You are, or become, aware of an actual, including suspected, breach of the Rules or Your inability to comply with them;
iv) You are subject to legal action in connection with Your commercial activities or general authority to conduct business.
3.4 If any of the events described in clause 3.3 arise, Citybond reserves the right to suspend or terminate Your Agency immediately.
YOUR REGULATORY STATUS. 3.1 You will have and maintain authorisation with the FSA to carry on General Insurance Business and You will be able to fulfil Your duties and obligations under this Agreement.
3.2 You will comply with all relevant Rules and the FSA customer protection standards, which include:
i. treating Clients fairly;
ii. having appropriate systems and controls in place given the nature, extent and complexity of Your business;
iii. only undertaking activities which You are competent to undertake.
3.3 You will inform Us in writing immediately if during any time that this Agreement is in force:
i. Your authorisation is suspended or withdrawn in full or in part by the FSA;
ii. You are subject to disciplinary action or are under investigation by the FSA or other Regulatory Authority;
iii. You are or become aware of an actual, including suspended, breach with the Rules or Your inability to comply with them.
YOUR REGULATORY STATUS. 3.1 If the nature of your business, or any part thereof, is defined as that which falls under FSA regulation (or that of any other national regulatory authority or authorities), You will have and maintain authorisation with the FSA (or other authorities) to carry on general insurance business and You will be able to fulfil your duties and obligations under this Agreement.
3.2 You will comply with all relevant Rules (of the appropriate regulatory authorities) and FSA customer protection standards including but not limited to:
i) Treating Customers Fairly;
ii) Having appropriate systems and controls in place given the nature, extent and complexity of Your business;
iii) Only undertaking activities which You are competent to undertake and selling Our insurance products in strict accordance with Insurers’ product conditions and the needs of your Clients.
3.3 You will inform Us in writing immediately if, during any time that this Agreement is in force:
i) Your authorisation is suspended or withdrawn (in full or in part) by the FSA or other regulatory authority;
ii) You are subject to disciplinary action or are under investigation by the FSA or other regulatory authority;
iii) You are, or become, aware of an actual, including suspected, breach of the Rules or Your inability to comply with them;
iv) You are subject to legal action in connection with your permission to trade or general authority to conduct business.
YOUR REGULATORY STATUS. 3.1 You will have and maintain authorisation with the FCA to carry on General Insurance Business and You will be able to fulfil Your duties and obligations under this Agreement.
3.2 You will comply with all relevant Rules and the FCA customer protection standards, which include:
i. treating Clients fairly;
ii. having appropriate systems and controls in place given the nature, extent and complexity of Your business;
iii. only undertaking activities which You are competent to undertake.
3.3 You will inform Us in writing immediately if during any time that this Agreement is in force:
i. Your authorisation is suspended or withdrawn in full or in part by the FCA;
ii. You are subject to disciplinary action or are under investigation by the FCA or other Regulatory Authority;
iii. You are or become aware of an actual, including suspended, breach with the Rules or Your inability to comply with them.
