Common use of New Financial Services Clause in Contracts

New Financial Services. Each Party 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 Party would permit its own financial service suppliers to provide under its domestic law in like circumstances. 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 permit a financial service supplier institution of the other Party to provide supply any new financial service of a type similar to those services that the first Party would permit its own financial service suppliers to provide under its domestic law institutions, in like circumstances, to supply without additional legislative action by the first Party. A Notwithstanding Article 10.4(b), a Party may determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation authorization for the provision supply of the service. Where a Party requires such authorisation is requiredauthorization of the new financial service, a decision shall be made within a reasonable time and the authorisation authorization may only be refused for prudential reasons.reasons.10-3

New Financial Services. Each Party shall permit a financial service supplier of the other another Party established in its territory to provide supply any new financial service of a type similar to those services which that the Party would permit permits its own financial service suppliers to provide supply under its domestic law in like circumstances. A Party may determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation for the provision supply of the such service. Where such authorisation is required, a decision shall be made within a reasonable period of time and the authorisation may only be refused for prudential reasons.

New Financial Services. Each Party shall permit a financial service supplier of the other Party established in its territory to provide any new financial service of a type similar to those services that the Party would permit its own financial service suppliers to provide supply, in like circumstances, under its domestic law, provided that the introduction of the new financial service does not require a new law in like circumstancesor modification of an existing law. A Party may determine the institutional and 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 period of time and the authorisation may only be refused only for prudential reasons.

New Financial Services. Each Party shall permit a financial service supplier of the other Party established in its territory to provide supply any new financial service of a type similar to those services that the a Party would permit its own financial service suppliers suppliers, in like circumstances, to provide supply under its domestic law in like circumstanceslaw. A Party may however determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation for the provision supply 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 permit a financial service supplier institution of the other Party to provide supply any new financial service of a type similar to those services that the Party would permit its own financial service suppliers to provide under its domestic law institutions, in like circumstances, to supply without additional legislative action by the first Party. A Notwithstanding Article 13.4(b), a Party may determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation for the provision supply of the service. Where such a Party requires authorisation is requiredto supply a new financial service, a decision shall be made within a reasonable time and the authorisation may only be refused for prudential reasons.. (13-2)

New Financial Services. Each Party shall permit a financial service supplier institution of the other Party to provide supply any new financial service of a type similar to those services that the first Party would permit its own financial service suppliers to provide under its domestic law institutions, in like circumstances, to supply without additional legislative action by the first Party. A Notwithstanding Article 10.4(b), a Party may determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation authorization for the provision supply of the service. Where a Party requires such authorisation is requiredauthorization of the new financial service, a decision shall be made within a reasonable time and the authorisation authorization may only be refused for prudential reasons.. (10-3)

New Financial Services. Each Party shall permit a financial service supplier institution of the other another Party established in its territory to provide supply any new financial service of a type similar to those services that the Party would permit its own financial service suppliers to provide under its domestic law institutions, in like circumstances, to supply without additional legislative action by the Party. A Notwithstanding Article 12.4(b), a Party may determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation authorization for the provision supply of the service. Where such authorisation is requireda Party requires authorization to supply a new financial service, a decision shall be made within a reasonable time and the authorisation authorization may only be refused for prudential reasons.

New Financial Services. Each Party shall permit a financial service supplier institution of the other Party to provide supply any new financial service of a type similar to those services that the first Party would permit its own financial service suppliers to provide under its domestic law institutions, in like circumstances, t o supply without additional legislative action by the first Party. A Notwithstanding Article 10.4(b), a Party may determine the institutional and juridical form through which the new financial service may be provided supplied and may require authorisation authorization for the provision supply of the service. Where a Party requires such authorisation is requiredauthorization of the new financial service, a decision shall be made within a reasonable time and the authorisation authorization may only be refused for prudential reasons.reasons.10-3