Common use of LICENCE AND REGISTRATION Clause in Contracts

LICENCE AND REGISTRATION. 2.1. The Broker warrants that it holds an AFS licence that authorises it to provide financial product advice and to deal in general insurance products. 2.2. The Underwriting Agency holds an AFS licence that authorises it to provide financial product advice and to deal in (by issuing) general insurance products as outlined in Schedule 2. 2.3. Each party must notify the other immediately in the event that it’s AFS licence is suspended or cancelled, or any authorisations on the licence are varied other than by the addition of authorisations, or, in the case of an exemption, the party is no longer entitled to the exemption.

LICENCE AND REGISTRATION. 2.1. The Broker warrants that it holds an AFS licence that authorises it to provide financial product advice and to advice, deal in general insurance productsproducts and do all things the Broker is required or authorised to do under this agreement. 2.2. The Underwriting Agency warrants that it holds an AFS licence that authorises it to provide financial product advice and to deal in (by issuing) general insurance products as outlined in Schedule 2products. 2.3. Each party must notify the other other, in writing, immediately in the event that it’s AFS licence is suspended or cancelled, or any authorisations on the licence are varied other than by the addition of authorisations, or, in the case of an exemption, the party is no longer entitled to the exemption.