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Regulatory authority clause: Copy, customize, and use instantly

Introduction

A regulatory authority clause defines the obligations of the parties in relation to compliance with laws, regulations, and directives from regulatory authorities. This clause ensures that both parties understand their responsibilities to comply with regulatory requirements and the actions they must take if required by a regulatory body or authority.

Below are templates for regulatory authority clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.

Standard regulatory authority clause

This version includes basic provisions for compliance with regulatory authorities.

The parties agree to comply with all applicable laws, rules, and regulations of any relevant regulatory authority. If either party is required to take actions or provide information to any regulatory authority, they shall do so promptly and in accordance with applicable laws, ensuring that the actions do not conflict with the terms of this Agreement.

Regulatory authority clause with provision for notification

This version applies to notification of regulatory requirements.

In the event that either party is required to provide any information or take any action required by a regulatory authority, they must promptly notify the other party of the request, providing sufficient details about the nature of the request and the impact it may have on the Agreement.

Regulatory authority clause with provision for cooperation

This version applies to cooperation with regulatory authorities.

The parties agree to cooperate fully with any regulatory authority that may have jurisdiction over this Agreement, including responding to inquiries, providing necessary documentation, and taking all necessary actions to ensure compliance with applicable laws and regulations.

Regulatory authority clause with provision for compliance audit

This version applies to compliance audits.

Both parties agree to allow for periodic audits by regulatory authorities to ensure compliance with applicable laws, regulations, and the terms of this Agreement. The parties will cooperate with such audits, provide access to relevant records, and address any findings as required.

Regulatory authority clause with provision for compliance with data protection laws

This version applies to data protection laws.

The parties agree to comply with all applicable data protection and privacy laws and regulations enforced by any regulatory authority. This includes ensuring that any personal data or sensitive information processed under this Agreement is handled in a manner that complies with the relevant data protection laws.

Regulatory authority clause with provision for disclosure to regulatory bodies

This version applies to disclosure to regulatory bodies.

If required by any regulatory body or authority, either party shall disclose information as mandated by law, provided that the disclosing party notifies the other party promptly and cooperates to limit the scope of the disclosure where possible.

Regulatory authority clause with provision for regulatory penalties

This version applies to regulatory penalties.

Each party agrees to assume responsibility for any fines, penalties, or sanctions imposed by a regulatory authority for non-compliance with applicable laws, rules, or regulations. Any penalties resulting from a party's failure to comply with regulatory requirements shall be borne by the non-compliant party.

Regulatory authority clause with provision for assistance with regulatory filings

This version applies to assistance with regulatory filings.

The parties agree to assist one another in preparing and submitting any filings required by regulatory authorities, including but not limited to tax filings, compliance reports, or any other documentation necessary for regulatory compliance.

Regulatory authority clause with provision for regulatory changes

This version applies to changes in regulations.

If any changes to applicable laws or regulations by a regulatory authority affect the terms or performance of this Agreement, the parties agree to promptly negotiate in good faith to modify the Agreement to remain in compliance with the new regulatory requirements.

Regulatory authority clause with provision for governmental approvals

This version applies to governmental approvals.

The parties acknowledge that certain actions under this Agreement may require approvals from regulatory or governmental authorities. The parties agree to cooperate fully and take all necessary actions to obtain the required approvals in a timely manner.

This version applies to regulated industries.

If either party is subject to regulation by a specific regulatory authority (such as a financial regulator or health authority), they agree to comply with all applicable industry-specific regulations and requirements, ensuring that their actions under this Agreement do not conflict with such regulations.

This version applies to indemnification.

Each party agrees to indemnify and hold the other party harmless against any claims, losses, or damages resulting from failure to comply with applicable regulatory requirements. This includes any costs or penalties imposed by a regulatory authority due to a party's non-compliance.

Regulatory authority clause with provision for ongoing monitoring

This version applies to ongoing monitoring.

The parties agree to continuously monitor their activities and operations to ensure ongoing compliance with the laws and regulations enforced by relevant regulatory authorities. Any changes that affect compliance with regulatory requirements will be addressed promptly.

Regulatory authority clause with provision for jurisdictional compliance

This version applies to jurisdictional compliance.

The parties agree to comply with the laws, rules, and regulations of the jurisdiction(s) in which they operate or are subject to regulation. If a regulatory authority in any jurisdiction requires actions under this Agreement, the parties agree to take all necessary steps to comply.

Regulatory authority clause with provision for dispute resolution in case of regulatory action

This version applies to dispute resolution in case of regulatory action.

If any dispute arises due to the actions or decisions of a regulatory authority, the parties agree to attempt to resolve the dispute through amicable negotiations. If the dispute cannot be resolved, the parties will seek dispute resolution in accordance with the dispute resolution provisions set forth in this Agreement.

Regulatory authority clause with provision for authorization to act on behalf of the other party

This version applies to acting on behalf of the other party.

Each party may, in certain circumstances, be authorized to act on behalf of the other party with respect to regulatory filings, submissions, or communications with regulatory authorities. Such authorization must be in writing and will be limited to specific actions as necessary for compliance.

Regulatory authority clause with provision for regulatory investigations

This version applies to regulatory investigations.

The parties agree to fully cooperate with any regulatory investigations or inquiries that may arise in connection with this Agreement. This includes providing access to relevant documents, employees, and information as requested by the regulatory authority.

Regulatory authority clause with provision for no obstruction of regulatory processes

This version applies to non-obstruction of regulatory processes.

Neither party will obstruct, hinder, or delay any regulatory authority’s investigation or enforcement of applicable laws or regulations related to this Agreement. The parties will fully cooperate with such processes to ensure timely resolution of regulatory matters.

Regulatory authority clause with provision for updates on regulatory changes

This version applies to updates on regulatory changes.

Each party agrees to promptly notify the other of any material changes in laws or regulations that affect the performance of their obligations under this Agreement. The parties will work together to ensure compliance with such changes in a timely and efficient manner.

Regulatory authority clause with provision for cooperation during regulatory investigations

This version applies to cooperation during regulatory investigations.

The parties agree to cooperate fully with any investigation conducted by a regulatory authority, including providing relevant documents, information, or testimony as requested. The parties will take all necessary steps to facilitate the regulatory investigation while preserving confidentiality as permitted by law.

Regulatory authority clause with provision for adjustments due to regulatory changes

This version applies to adjustments due to regulatory changes.

In the event that any regulatory authority imposes new requirements or modifies existing regulations that affect the terms or execution of this Agreement, the parties agree to renegotiate the terms to ensure continued compliance and avoid any conflict with the updated regulations.

Regulatory authority clause with provision for compliance with export control laws

This version applies to export control laws.

The parties agree to comply with all applicable export control laws and regulations enacted by relevant regulatory authorities. If any transaction under this Agreement involves the export of goods, services, or information, the parties will ensure that they comply with all applicable laws, including seeking the necessary export licenses or authorizations.

Regulatory authority clause with provision for regulatory enforcement

This version applies to regulatory enforcement.

The parties agree that any violation of regulatory requirements may result in enforcement actions by the relevant authorities. Each party will bear its own costs of regulatory compliance and any penalties imposed by regulatory bodies due to violations of this Agreement.

Regulatory authority clause with provision for third-party compliance

This version applies to third-party compliance.

If a third-party contractor, supplier, or service provider is involved in the performance of this Agreement, the parties agree to ensure that such third parties also comply with the relevant regulatory requirements. The parties will hold third parties accountable for any failure to comply with applicable laws and regulations.

Regulatory authority clause with provision for submitting required reports

This version applies to submitting required reports.

The parties agree to submit all required reports, filings, or documentation to regulatory authorities as mandated by applicable laws. If any delay in submission occurs, the responsible party shall notify the other party immediately and take all necessary steps to minimize any adverse consequences.

Regulatory authority clause with provision for regulatory oversight

This version applies to regulatory oversight.

The parties acknowledge that their actions under this Agreement may be subject to oversight by regulatory authorities, and they agree to submit to such oversight. The parties will ensure full transparency in their actions and will respond promptly to any requests from regulatory authorities.

Regulatory authority clause with provision for audit rights by regulators

This version applies to audit rights by regulators.

The parties agree that regulatory authorities may audit their activities to ensure compliance with applicable laws and regulations. Both parties agree to cooperate with such audits and provide access to relevant records, systems, and documents as requested by the authorities.

Regulatory authority clause with provision for required amendments

This version applies to required amendments.

If a regulatory authority requires an amendment to any part of this Agreement to ensure compliance with applicable laws or regulations, the parties agree to promptly amend the Agreement in accordance with the authority’s requirements.

Regulatory authority clause with provision for handling regulatory fines

This version applies to regulatory fines.

If any regulatory authority imposes fines or penalties as a result of the parties' actions under this Agreement, the responsible party shall bear the costs of such fines and penalties unless the fines arise from a violation by the other party. In that case, the responsible party shall reimburse the non-breaching party.

Regulatory authority clause with provision for notification of regulatory decisions

This version applies to notification of regulatory decisions.

The parties agree to notify each other within [X] days of any decision or action taken by a regulatory authority that may impact the performance of this Agreement. The notifying party shall provide sufficient details about the regulatory decision and its potential impact on the Agreement.

This version applies to legal and regulatory advice.

The parties agree to seek legal and regulatory advice from qualified professionals when needed to ensure compliance with applicable laws and regulations. Each party will bear the costs associated with obtaining such advice, ensuring that the advice is shared with the other party as necessary for compliance.

Regulatory authority clause with provision for handling regulatory penalties

This version applies to handling regulatory penalties.

In the event that a regulatory authority imposes penalties for non-compliance with applicable laws, each party agrees to pay its share of the penalties and take the necessary actions to avoid future violations, including implementing corrective measures as directed by the regulatory body.

Regulatory authority clause with provision for collaboration on regulatory matters

This version applies to collaboration on regulatory matters.

The parties agree to collaborate and communicate openly regarding any regulatory matters that may affect this Agreement. This includes sharing information about changes in regulations, compliance requirements, and actions taken to ensure regulatory adherence.

Regulatory authority clause with provision for restricting unauthorized disclosures

This version applies to restricting unauthorized disclosures.

The parties agree not to disclose any confidential or sensitive information to any regulatory authority unless explicitly required by law or regulation. If disclosure is necessary, the disclosing party will provide prior notice to the other party and take reasonable steps to limit the disclosure to the minimum required.

Regulatory authority clause with provision for dispute resolution due to regulatory action

This version applies to dispute resolution due to regulatory action.

In the event that a regulatory authority takes action that impacts the execution or validity of this Agreement, the parties agree to seek resolution through negotiation or mediation. If the dispute cannot be resolved amicably, the parties may pursue other legal remedies, including arbitration.

Regulatory authority clause with provision for jurisdictional compliance

This version applies to jurisdictional compliance.

The parties agree to comply with the jurisdictional laws and regulations applicable to this Agreement. If a regulatory authority from a different jurisdiction requires actions under this Agreement, the parties will cooperate and take necessary steps to comply with such jurisdictional laws.

Regulatory authority clause with provision for seeking regulatory guidance

This version applies to seeking regulatory guidance.

If the parties are unsure about the applicability of certain regulatory requirements, they agree to seek guidance from the relevant regulatory authority. The parties will act in accordance with any recommendations or clarifications issued by the regulatory authority.

Regulatory authority clause with provision for regulatory obligations during termination

This version applies to regulatory obligations during termination.

Upon termination or expiration of this Agreement, the parties agree to fulfill any outstanding regulatory obligations, including reporting requirements or the submission of final documentation to regulatory authorities, to ensure compliance with all applicable laws and regulations.

Regulatory authority clause with provision for reassignment of regulatory obligations

This version applies to reassignment of regulatory obligations.

If a party’s regulatory obligations under this Agreement are assigned or transferred to another party, the assigning party must obtain prior written consent from the other party and ensure that the assignee complies with all applicable regulatory requirements.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

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