New Financial Services. Each Party shall permit a financial institution of the other Party to supply any new financial service that the first Party would permit its own financial institutions, in like circumstances, to supply without additional legislative action by the first Party. Notwithstanding Article 10.4(b), a Party may determine the institutional and juridical form through which the new financial service may be supplied and may require authorization for the supply of the service. Where a Party requires such authorization of the new financial service, a decision shall be made within a reasonable time and the authorization may only be refused for prudential reasons.10-3
New Financial Services. 1. Each Party shall permit a financial institution of the other Party established in its territory to supply any new financial services similar to those services that a Party would permit its own financial institutions, in like circumstances, to supply under its laws and regulations.
New Financial Services. 7. A Member shall permit financial service suppliers of any other Member established in its territory to offer in its territory any new financial service.
New Financial Services. In addition to Bahrain's commitment to allow a new financial service to be supplied consistent with Article 11.6, Bahrain undertakes to consult with the United States, on request, in circumstances where an application by a financial institution of the United States to supply a new service has been denied. Insurance
New Financial Services. 1. The host Party shall endeavour to permit financial institutions of the other Party established in the territory of the host Party to supply a new financial service in the territory of the host Party that the host Party would permit its own financial institutions, in like circumstances, to supply without adopting a law or modifying an existing law.(4)
New Financial Services. Each Party shall permit a financial service supplier of the other Party to provide any new financial service. A Party may determine the juridical form through which the service may be provided and may require authorisation for the provision of the service. Where such authorisation is required, a decision shall be made within a reasonable time and the authorisation may only be refused for prudential reasons.
New Financial Services. Each Party shall allow a financial institution from another Party, to provide whatever new financial service whose provision the Party would allow, under similar circumstances, its own financial institutions, in accordance with its legislation, on the condition that the introduction of that financial service does not require new legislation or the modification of an existing law.0 Each Party may determine the legal and institutional form through which the new financial service shall be supplied and may subject the supply of the same to authorisation and notification. When authorisation is required, the decision shall be made within a reasonable period of time and may only be denied for prudential reasons. None of what is established in this Article prevents a financial institution from one Party from requesting that another Party authorise the supply of a financial service that is not provided in the territory of any of the Parties. Said request shall be subject to the legislation of the Party of whom the request is made and, for greater certainty, shall not be subject to the obligations of this Article.
New Financial Services. At the end of each year of the Period of Performance, the Recipient must have provided one or more of the New Financial Service(s) specified below in an Eligible Market(s) and/or in the Recipient’s approved Target Market in an amount equal to or greater than: 25% of the total Projected New Financial Services by the end of Year 1 of the Period of Performance, 50% of the total Projected New Financial Services by the end of Year 2 of the Period of Performance, and 90% of the total Projected New Financial Services by the end of Year 3 of the Period of Performance. The Recipient may satisfy this goal by using the Financial Assistance or other available funds on its balance sheet. New Financial Service Financial Service Financial Service Type(s) Line of Business Name(s) Benchmarks: Total number of Projected New Financial Services: Period of Performance, Year 1 benchmark (25%): Period of Performance, Year 2 benchmark (50%): Period of Performance, Year 3 benchmark (90%): Calculation: For purposes of this measure, the cumulative number of New Financial Services provided during each year of the Period of Performance will be calculated as follows: Total Number (#) % of Total Projected New Financial Services 25% 50% 90% For Year 1 of the Period of Performance: the aggregate number of one or more specified New Financial Services provided in an Eligible Market(s) and/or in the Recipient’s approved Target Market during Year 1 of the Period of Performance. For Year 2 of the Period of Performance: the aggregate number of one or more specified New Financial Services provided in an Eligible Market(s) and/or in the Recipient’s approved Target Market during Year 1 and Year 2 of the Period of Performance. For Year 3 of the Period of Performance: the aggregate number of one or more specified New Financial Services provided in an Eligible Market(s) and/or in the Recipient’s approved Target Market during Year 1, Year 2 and Year 3 of the Period of Performance.
New Financial Services through which the service may be provided and may require authorisation for the provision of the service. Where such auth orisation is required, a decision shall be made within a reasonable period of time and the authorisation may be refused only for prudential reasons.
New Financial Services. The EC Party and the Signatory CARIFORUM States shall permit a financial service supplier of the other Party to provide any new financial service of a type similar to those services that the EC Party and the Signatory CARIFORUM States permit their own financial service suppliers to provide under their domestic law in like circumstances. The EC Party and the Signatory CARIFORUM States may determine the juridical form through which the service may be provided and may require authorisation for the provision of the service. Where such authorisation is required, a decision shall be made within a reasonable time and the authorisation may only be refused for prudential reasons.
