Common use of YOUR REGULATORY STATUS Clause in Contracts

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in writing immediately if, during any time that this Agreement is in force: i) Your authorisation is suspended or withdrawn (in full or in part) by any Regulatory Authority; ii) You are subject to disciplinary action or are under investigation by any Regulatory Authority; iii) You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 If Your your business, or any part of it, falls under the Rules of the FCA FSA regulation (or that of any other national Regulatory Authoritiesregulatory authorities), You will maintain authorisation with the necessary authorisations and permissions FSA (or other appropriate authorities) to carry on general insurance business and fulfil Your your duties and obligations under this Agreement. 3.2 You will comply with all relevant Rules (including and customer protection standardsstandards (of the appropriate regulatory authorities) 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 Our insurance products in strict accordance with the product conditions and the needs of Your your Clients. 3.3 You will inform Citybond 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 any Regulatory Authorityregulatory authority; ii) You are subject to disciplinary action or are under investigation by any Regulatory Authorityregulatory 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 your commercial activities or general authority to conduct business. 3.4 If any of the events described in clause 3.3 arise, Citybond reserves We reserve the right to suspend or terminate Your Agency immediately.

YOUR REGULATORY STATUS. 3.1 If Your 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 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 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 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.