Common use of Monitoring and Access Clause in Contracts

Monitoring and Access. 12 .1. You shall in relation to the discharge by the FCA, the PRA or any other applicable regulatory body (referred to in this Clause 12 as “Regulators”) of their functions and/or to facilitate Us to meet Our obligations to such Regulators: 12 .1. 1. make Yourself readily available for meetings with Us and/or Regulators as reasonably requested; 12 .1. 2. give Us and/or Regulators reasonable access to any records, files, tapes or computer systems which are within Your possession or control, and provide any facilities which We and/or Regulators may reasonably request; 12 .1. 3. produce to Us and/or Regulators and permit Us and/or Regulators to copy specified documents, files, tapes, computer data or other material in your possession or control as reasonably requested; 12 .1. 4. print information in Your possession or control which is held on computer or on microfilm or otherwise convert it into a readily legible document or any other record which We and/or Regulators mayreasonably request; and 12 .1. 5. answer truthfully, fully and promptly all questions which are reasonably put to You by Us and/or Regulators. 12 .2. You will permit Us, representatives of Regulators and persons appointed by Regulators for the purposes of this clause to have access, with or without notice, during reasonable business hours to any of Your business premises; 12 .2. 1. (in the case of Us) to review Your compliance with Your obligations; 12 .2. 2. (in the case of Us) to facilitate Us to meets Our obligations; 12 .2. 3. (in the case of Regulators or persons Regulators appoint) in relation to the discharge of Regulators’ functions. 12 .3. You will take all reasonable steps necessary to ensure that where: 12 .3. 1. You; or 12 .3. 2. any files, business records or other relevant information or documents belonging to You or otherwise within Your control, are present at a location other than Your business premises, Us and Regulators are given the same rights of access to that location as they have in relation to Your business premises. 12 .4. You shall maintain records of activities in connection with Applications and Clients (including without limit in respect of any advice given to a Client) as are required by law or the requirement of any Regulator. You shall also maintain such additional records of Your business in such form as We may specify from time to time. 12 .5. You will ensure that Our auditors, upon reasonable notice: 12 .5. 1. have a right of access at all times to Your records (save for protected items as defined in section 413 FSMA); and 12 .5. 2. are entitled to require from You or other officers such information and explanations as the auditors reasonably consider necessary for the performance of their duties as auditors. 12 .6. For the purposes of this clause: 12 .6. 1. any reference in this clause to Regulators shall include regulators and any representatives or appointees of Regulators; 12 .6. 2. any reference in this clause to files, tapes, computer data, computer systems, information, documents and/or other material shall as appropriate include any financial information, business records andother relevant information or documents; 12 .6. 3. obligations of Us and/or You include any obligations under these Terms and all law or with any obligations towards Regulators or third parties; and 12 .6. 4. You ensure that all and any rights given to Us under this clause shall be given to such other persons as We may reasonably direct (whether in order to comply with any obligations of law or towards Regulators or third parties, orotherwise). 12 .7. You agree to provide Us within 5 days of request from Us, with reports showing in reasonable detail the source of Applications submitted under these Terms, including, geographical region, loan size, loan to value ratio and other information as may be reasonably required together with a report showing the progress and status of the Applications.

Monitoring and Access. 12 .112.1. You shall in relation to the discharge by the FCA, the PRA or any other applicable regulatory body (referred to in this Clause 12 as “Regulators”) of their functions and/or to facilitate Us to meet Our obligations to such Regulators: 12 .1. 112.1.1. make Yourself readily available for meetings with Us and/or Regulators as reasonably requested; 12 .1. 212.1.2. give Us and/or Regulators reasonable access to any records, files, tapes or computer systems which are within Your possession or control, and provide any facilities which We and/or Regulators may reasonably request; 12 .1. 312.1.3. produce to Us and/or Regulators and permit Us and/or Regulators to copy specified documents, files, tapes, computer data or other material in your possession or control as reasonably requested; 12 .1. 412.1.4. print information in Your possession or control which is held on computer or on microfilm or otherwise convert it into a readily legible document or any other record which We and/or Regulators mayreasonably request; and 12 .1. 512.1.5. answer truthfully, fully and promptly all questions which are reasonably put to You by Us and/or Regulators. 12 .212.2. You will permit Us, representatives of Regulators and persons appointed by Regulators for the purposes of this clause to have access, with or without notice, during reasonable business hours to any of Your business premises; 12 .2. 112.2.1. (in the case of Us) to review Your compliance with Your obligations; 12 .2. 212.2.2. (in the case of Us) to facilitate Us to meets Our obligations; 12 .2. 312.2.3. (in the case of Regulators or persons Regulators appoint) in relation to the discharge of Regulators’ functions. 12 .312.3. You will take all reasonable steps necessary to ensure that where: 12 .3. 112.3.1. You; or 12 .3. 212.3.2. any files, business records or other relevant information or documents belonging to You or otherwise within Your control, are present at a location other than Your business premises, Us and Regulators are given the same rights of access to that location as they have in relation to Your business premises. 12 .412.4. You shall maintain records of activities in connection with Applications and Clients (including without limit in respect of any advice given to a Client) as are required by law or the requirement of any Regulator. You shall also maintain such additional records of Your business in such form as We may specify from time to time. 12 .512.5. You will ensure that Our auditors, upon reasonable notice: 12 .5. 112.5.1. have a right of access at all times to Your records (save for protected items as defined in section 413 FSMA); and 12 .5. 212.5.2. are entitled to require from You or other officers such information and explanations as the auditors reasonably consider necessary for the performance of their duties as auditors. 12 .612.6. For the purposes of this clause: 12 .6. 112.6.1. any reference in this clause to Regulators shall include regulators and any representatives or appointees of Regulators; 12 .6. 212.6.2. any reference in this clause to files, tapes, computer data, computer systems, information, documents and/or other material shall as appropriate include any financial information, business records andother and other relevant information or documents; 12 .6. 312.6.3. obligations of Us and/or You include any obligations under these Terms and all law or with any obligations towards Regulators or third parties; and 12 .6. 412.6.4. You ensure that all and any rights given to Us under this clause shall be given to such other persons as We may reasonably direct (whether in order to comply with any obligations of law or towards Regulators or third orthird parties, orotherwise). 12 .712.7. You agree to provide Us within 5 days of request from Us, with reports showing in reasonable detail the source of Applications submitted under these Terms, including, geographical region, loan size, loan to value ratio and other information as may be reasonably required together with a report showing the progress and status of the Applications.

Monitoring and Access. 12 .112.1. You shall in relation to the discharge by the FCA, the PRA or any other applicable regulatory body (referred to in this Clause 12 as “Regulators”) of their functions and/or to facilitate Us to meet Our obligations to such Regulators: 12 .1. 112.1.1. make Yourself readily available for meetings with Us and/or Regulators as reasonably requested; 12 .1. 212.1.2. give Us and/or Regulators reasonable access to any records, files, tapes or computer systems which are within Your possession or control, and provide any facilities which We and/or Regulators may reasonably request; 12 .1. 312.1.3. produce to Us and/or Regulators and permit Us and/or Regulators to copy specified documents, files, tapes, computer data or other material in your possession or control as reasonably requested; 12 .1. 412.1.4. print information in Your possession or control which is held on computer or on microfilm or otherwise convert it into a readily legible document or any other record which We and/or Regulators mayreasonably may reasonably request; and 12 .1. 512.1.5. answer truthfully, fully and promptly all questions which are reasonably put to You by Us and/or Regulators. 12 .212.2. You will permit Us, representatives of Regulators and persons appointed by Regulators for the purposes of this clause to have access, with or without notice, during reasonable business hours to any of Your business premises; 12 .2. 112.2.1. (in the case of Us) to review Your compliance with Your obligations; 12 .2. 212.2.2. (in the case of Us) to facilitate Us to meets Our obligations; 12 .2. 312.2.3. (in the case of Regulators or persons Regulators appoint) in relation to the discharge of Regulators’ functions. 12 .312.3. You will take all reasonable steps necessary to ensure that where: 12 .3. 112.3.1. You; or 12 .3. 212.3.2. any files, business records or other relevant information or documents belonging to You or otherwise within Your control, are present at a location other than Your business premises, Us and Regulators are given the same rights of access to that location as they have in relation to Your business premises. 12 .412.4. You shall maintain records of activities in connection with Applications and Clients (including without limit in respect of any advice given to a Client) as are required by law or the requirement of any Regulator. You shall also maintain such additional records of Your business in such form as We may specify from time to time. 12 .512.5. You will ensure that Our auditors, upon reasonable notice: 12 .5. 112.5.1. have a right of access at all times to Your records (save for protected items as defined in section 413 FSMA); and 12 .5. 212.5.2. are entitled to require from You or other officers such information and explanations as the auditors reasonably consider necessary for the performance of their duties as auditors. 12 .612.6. For the purposes of this clause: 12 .6. 112.6.1. any reference in this clause to Regulators shall include regulators and any representatives or appointees of Regulators; 12 .6. 212.6.2. any reference in this clause to files, tapes, computer data, computer systems, information, documents and/or other material shall as appropriate include any financial information, business records andother and other relevant information or documents; 12 .6. 312.6.3. obligations of Us and/or You include any obligations under these Terms and all law or with any obligations towards Regulators or third parties; and 12 .6. 412.6.4. You ensure that all and any rights given to Us under this clause shall be given to such other persons as We may reasonably direct (whether in order to comply with any obligations of law or towards Regulators or third parties, orotherwiseor otherwise). 12 .712.7. You agree to provide Us within 5 days of request from Us, with reports showing in reasonable detail the source of Applications submitted under these Terms, including, geographical region, loan size, loan to value ratio and other information as may be reasonably required together with a report showing the progress and status of the Applications.