Legitimate Objectives. In addition to the legitimate objectives set out in Article 5.7(2), each Party may maintain and adopt measures deemed appropriate for prudential reasons, such as: (a) protecting investors, depositors, financial market participants, policy-holders, policy claimants, or persons to whom a fiduciary duty is owed by a financial institution or cross-border financial service provider; (b) maintaining the safety, soundness, integrity or financial responsibility of financial institutions or cross-border financial service providers; and (c) ensuring the integrity and stability of a Party’s financial system.
Appears in 2 contracts
Sources: Trade and Cooperation Agreement, Trade and Cooperation Agreement