Common use of YOUR REGULATORY STATUS Clause in Contracts

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Us in writing immediately if during any time that this Agreement is in force: i. Your authorisation is suspended or withdrawn in full or in part by the FSA; ii.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 You will have and maintain authorisation with the FSA to carry on General Insurance Business as from the 14th January 2005 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Us in writing immediately if during any time that this Agreement is in force: i. Your authorisation is suspended or withdrawn in full or in part by the FSA; ii.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 Authorityregulatory authority; iii. You are or become aware of an actual, including suspended, breach with the Rules or Your inability to comply with them.