Common use of Prudential Measures Clause in Contracts

Prudential Measures. Notwithstanding any other provisions of this Chapter, a Country shall not be prevented from taking measures relating to financial services for prudential reasons, including measures for the protection of investors, depositors, policy holders or persons to whom a fiduciary duty is owed by an enterprise supplying financial services, or to ensure the integrity and stability of the financial system. Where such measures do not conform with the provisions of this Chapter, they shall not be used as a means of avoiding the Country’s commitments or obligations under this Chapter.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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