Regulatory Authorisation Clause Samples
The Regulatory Authorisation clause establishes that a party must obtain and maintain all necessary licenses, permits, or approvals from relevant regulatory authorities to legally perform its obligations under the agreement. In practice, this means that before engaging in certain activities—such as providing financial services, manufacturing regulated products, or operating in a controlled industry—the party must ensure it has the required governmental or regulatory permissions. This clause serves to ensure compliance with applicable laws and regulations, thereby reducing the risk of legal penalties or contract breaches due to lack of proper authorisation.
Regulatory Authorisation. Such authorisation(s) granted by the relevant regulatory authorities which are necessary to conduct clinical research in and/or to otherwise deal in the Medicinal Product in the Territory.
Regulatory Authorisation. CIBL will only accept business from insurance intermediaries that have the legally required regulatory authorisation. You may, therefore, be required to confirm your firm’s authorised status and to provide evidence thereof. The requirements are as follows: • confirmation of regulatory authorisation • name of regulator • authorisation reference • details of licences held
Regulatory Authorisation. Brokers in either category must;
4.2.1 Be registered under the General Data Protection Regulation and process data in accordance with that Regulation.
4.2.2 Have the appropriate authorisation from the Central Bank of Ireland and comply with all regulatory requirements at all times.
4.2.3 Notify us immediately in writing of any application of variation or cancellation of their Central Bank of Ireland authorisation.
4.2.4 If registered in another EEA state, notify us immediately in writing if there is a change to their Passport.
4.2.5 Notify us immediately in writing if there is a Central Bank of Ireland investigative or disciplinary action taken against them.
4.2.6 Comply with all other applicable regulatory and legal requirements when transacting credit insurance business under this Agreement.
Regulatory Authorisation. In accordance with the FCA Rules brokers in either category must;
(a) Have a Part IV Permission; or
(b) Be an exempt person; or
(c) Be an exempt professional firm; or
(d) Be registered in another EEA state for the purposes of the Insurance Mediation Directive; or
(e) Not be carrying out the insurance mediation activity in the European Economic Area (EEA).
4.2.1 Be registered under the General Data Protection Regulation and hold and process data in accordance with that Regulation.
4.2.2 Have the appropriate authorisation from the FCA and comply with all FCA regulatory requirements at all times.
4.2.3 Notify us immediately in writing if they have applied for a variation or cancellation of their Part IV permission.
4.2.4 If registered in another EEA state, notify us immediately in writing if there is a change to their Passport.
4.2.5 Notify us immediately in writing if there is an FCA investigative or disciplinary action taken against them.
4.2.6 Comply with all other applicable regulatory and legal requirements when transacting credit insurance business under this Agreement.
Regulatory Authorisation