Common use of REQUESTS FOR ASSISTANCE OR INFORMATION Clause in Contracts

REQUESTS FOR ASSISTANCE OR INFORMATION. a. The Authorities may consult at any time, about a request or proposed request. b. Requests for information or assistance will be made in writing in English. In urgent cases, requests may be in summary form to be followed within five business days by a full request. The full request will be signed by one of the contact persons set out in Annex A. c. Requests for information or assistance will specify the following: (i) a general description of the information requested (including the identity of persons, etc.); (ii) a general description of the nature of the case and the conduct or suspected conduct which gives rise to the request; (iii) the purpose for which the information is sought (including details of the laws or regulatory requirements pertaining to the matter which is the subject of the request); (iv) the link between the specified laws or regulatory requirements and the regulatory function of the requesting Authority; (v) the relevance of the requested information to the specified laws or regulatory requirements; and (vi) to whom, if anyone, onward disclosure of information is likely to be necessary and the reason for such disclosure. d. Each request will be addressed by the requested Authority to determine whether information can be provided under the terms of this Memorandum. In any case where the request cannot be accepted completely, the requested Authority will consider whether there may be any other relevant information which can be given. If the requested Authority believes that other regulatory organizations may possess the information requested or that it may be more appropriate to provide the assistance requested, or if it is requested to do so by the requesting authority, it may refer the request to such regulatory organizations and notify the requesting Authority accordingly. e. In deciding whether to accept or decline a request the requested Authority will take account of: (i) matters specified by the laws and regulations in the territory of the requested Authority; and

REQUESTS FOR ASSISTANCE OR INFORMATION. a. The Authorities may consult at any time, about a request or proposed request. b. Requests for information or assistance will be made in writing in English. In urgent cases, requests may be in summary form to be followed within five business days by a full request. The full request will be signed by one of the contact persons set out in Annex A. c. Requests for information or assistance will specify the following: (i) a general description of the information requested (including the identity of persons, etc.); (ii) a general description of the nature of the case and the conduct or suspected conduct which gives rise to the request; (iii) the purpose for which the information is sought (including details of the laws or regulatory requirements pertaining to the matter which is the subject of the request); (iv) the link between the specified laws or regulatory requirements and the regulatory function of the requesting Authority; (v) the relevance of the requested information to the specified laws or regulatory requirements; and (vi) to whom, if anyone, onward disclosure of information is likely to be necessary and the reason for such disclosure. d. Each request will be addressed by the requested Authority to determine whether information can be provided under the terms of this Memorandum. In any case where the request cannot be accepted completely, the requested Authority will consider whether there may be any other relevant information which can be given. If the requested Authority believes that other regulatory organizations may possess the information requested or that it may be more appropriate to provide the assistance requested, or if it is requested to do so by the requesting authorityAuthority, it may refer the request to such other regulatory organizations and notify the requesting Authority accordingly. e. In deciding whether to accept or decline a request the requested Authority will take account of: (i) matters i)matters specified by the laws and regulations in the territory of the requested Authority; andand (ii)whether it would be contrary to the public interest to give the assistance sought;

REQUESTS FOR ASSISTANCE OR INFORMATION. a. The Authorities may consult at any time, about a request or proposed request. b. Requests for information or assistance will be made in writing in English. In urgent cases, requests may be in summary form to be followed within five business days by a full request. The full request will be signed by one of the contact persons set out in Annex A. c. Requests for information or assistance will specify the following: (i) a general description of the information requested (including the identity of persons, etc.); (ii) a general description of the nature of the case and the conduct or suspected conduct which gives rise to the request; (iii) the purpose for which the information is sought (including details of the laws or regulatory requirements pertaining to the matter which is the subject of the request); (iv) the link between the specified laws or regulatory requirements and the regulatory function of the requesting Authority; (v) the relevance of the requested information to the specified laws or regulatory requirements; and (vi) to whom, if anyone, onward disclosure of information is likely to be necessary and the reason for such disclosure. d. Each request will be addressed by the requested Authority to determine whether information can be provided under the terms of this Memorandum. In any case where the request cannot be accepted completely, the requested Authority will consider whether there may be any other relevant information which can be given. If the requested Authority believes that other regulatory organizations may possess the information requested or that it may be more appropriate to provide the assistance requested, or if it is requested to do so by the requesting authorityAuthority, it may refer the request to such other regulatory organizations and notify the requesting Authority accordingly. e. In deciding whether to accept or decline a request the requested Authority will take account of: : (i) matters specified by the laws and regulations in the territory of the requested Authority; and (ii) whether it would be contrary to the public interest to give the assistance sought; f. The requested Authority may, as a condition of agreeing that assistance is given under the Memorandum, require the requesting Authority to make a contribution to costs. Such a contribution may, in particular, be required where the cost of a request is substantial or where a substantial imbalance has arisen in the cumulative costs incurred; g. Any documents or other materials provided under this Memorandum and any copies thereof must be returned on request, to the extent permitted by law.