Examples of Assessed entity in a sentence
If there ARE Relevant Findings If the Assessor finds in the “Third-Party Preliminary Due Diligence Report” that there ARE Relevant Findings, and therefore the relevant activities carried out by the Assessed entity must be classified as MEDIUM or HIGH Risk, the Assessor must inform the corresponding Compliance Officer via the Microsite, in accordance with the procedure detailed in the Terms of Reference.
The cost of any such additional activities or inquiries must be borne by the Assessed entity and, if the respective Third Party is not willing to bear the cost or be subject to the terms and conditions herein contained, América Móvil’s Compliance Officer and/or the corresponding Compliance Officer, as well as the Commercial Department and, if applicable, the General Direction of the Subsidiary, will make a justified decision regarding the actions to be taken in that case.
Once the Assessed entity has made any such comments or clarifications or provided appropriate information, or if the Assessed entity fails to make any such comments within the period set forth in the Terms of Reference, the Assessor must issue the Preliminary Recommendation, in accordance with the procedure described in the Terms of Reference, and send it to the corresponding Compliance Officer via the Microsite.
Once the corresponding Compliance Officer agrees to the content of such Report, the Assessor will give notice to the Assessed entity about the existence of such “Relevant Findings”, so that the Assessed entity can make any pertinent comments, clarifications or corrections, and provide such information as it may deem relevant.
The Certificate must be signed at least by the legal representative of the Assessor conducting the Assessment procedure and the corresponding Compliance Officer authorizing it, and be delivered to the Assessed entity.