Common use of New Financial Services Clause in Contracts

New Financial Services. Each Party shall permit a financial service supplier of another Party to provide any new financial service of a type similar to those services that the Party permits 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 of another the other Party established in the territory of that Party to provide any new financial service of a type similar to those services that the Party permits 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 reasonsthe reasons set out in Article 126 of this Agreement.

New Financial Services. Each Party shall permit a financial service supplier of another the other Party to provide any new financial service of a type similar to those services that the Party permits 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.. Article 245 Data processing

New Financial Services. Each Party shall permit a financial service supplier of another the other Party to provide any new financial service of a type similar to those services that the Party permits would permit its own financial service suppliers to provide under its domestic law in like circumstances. A Party may determine the juridical legal 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 reasonsreasons consistent with Article 182.

New Financial Services. Each Party shall permit a financial service supplier of another Party to provide any new financial service of a type similar to those services that the Party permits 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 authorisatio n 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 of another the other Party established in its territory to provide supply any new financial service of a type similar to those services that the Party 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 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 of another the other Party to provide any new financial service of a type similar to those services that the Party permits would permit its own financial service suppliers to provide under its domestic law in like circumstances. A 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.. Article 245 Data processing

New Financial Services. Each Party shall permit a financial service supplier of another the other Party to provide any new financial service of a type similar to those services that the former Party permits would permit its own financial service suppliers to provide under in accordance with its domestic law laws and regulations, in like circumstancessituations, provided that the introduction of the new financial services does not require a new law or modification of an existing law. A Party may determine the juridical institutional and legal 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 of another the other Party to provide any new financial service of a type similar to those services that the former Party permits would permit its own financial service suppliers to provide under in accordance with its domestic law in like circumstancessituations, provided that the introduction of the new financial services does not require a new law or modification of an existing law. A Party may determine the juridical institutional and legal 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 of another the other Party to provide any new financial service of a type similar to those services that the Party permits its own financial service suppliers to provide under its domestic law in like circumstancesservice. 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 another the other Party to provide lend to any new financial service of a type similar to those services which that the other Party permits its own financial service suppliers institutions to provide under provide, in accordance with its domestic law in like circumstanceslegislation. A The Party may determine decide the juridical form institutional and legal modality through which the such service may be provided is offered and may require authorisation authorization for the provision of the such service. Where When such authorisation authorization is required, a decision the respective resolution shall be made issued within a reasonable period of time and the authorisation authorization may only be refused denied for prudential reasons.

New Financial Services. Each Party shall permit a financial service supplier of another the other Party to provide supply any new financial service of a type similar to those services that the first Party permits would permit its own like financial service suppliers to provide under its domestic law in like circumstancessupply without additional legislative action required by the first Party. A Each 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 a Party requires such authorisation is requiredauthorisation, a decision shall be made within a reasonable time and the authorisation may only be refused for prudential reasonsreasons under Article 8.50 (Prudential Carve-out).

New Financial Services. Each Party shall permit a financial service supplier of another the other Party established in the territory of that Party to provide any new financial service of a type similar to those services that the Party permits 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 reasonsthe reasons set out in Article 126 [of this Agreement].

New Financial Services. Each Party shall permit a financial service supplier of another the other Party established in its territory to provide any new financial service of a type similar to those services that the Party permits 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 authorization for the provision of the service. Where such authorisation authorization is required, a decision shall be made within a reasonable period of time and the authorisation authorization may only be refused only for prudential reasons.