Supervisory powers Sample Clauses

Supervisory powers. 1. For the purposes of ensuring compliance with this Regulation, competent authorities shall have the powers and shall follow the procedures set out in Directive 2013/36/EU and in this Regulation. 2. For the purposes of ensuring compliance with this Regulation, resolution authorities shall have the powers and shall follow the procedures set out in Directive 2014/59/EU and in this Regulation. 3. For the purposes of ensuring compliance with the requirements concerning own funds and eligible liabilities competent authorities and resolution authorities shall cooperate. 4. For the purposes of ensuring compliance within their respective competences the Single Resolution Board established by Article 42 of Regulation (EU) No 806/2014, and the European Central Bank with regard to matters relating to the tasks conferred on it by Regulation (EU) No 1024/2013 shall ensure a regular and reliable exchange of relevant information " (3) Article 4 is amended as follows: (a) in paragraph 1, point (7) is replaced by the following:

Supervisory powers. For the purposes of ensuring compliance with this Regulation, competent authorities shall have the powers and shall follow the procedures set out in Directive (EU) /--[IFD].

Supervisory powers. (1) The principal has the right to check compliance with the statutory provisions on data protection and / or compliance with the contractual provisions made between the parties and / or compliance by the agent with the instructions of the principal at any time and to the required extent. (2) The agent is obliged to provide information to the principal, insofar as this is nec- ▇▇▇▇▇▇ for carrying out the inspection within the meaning of paragraph 1. (3) The principal may request access to the data processed by the agent for the prin- cipal as well as to the data processing systems and programs used. (4) The principal may, after prior notification and within a reasonable period of time, carry out the inspection within the meaning of paragraph 1 in the place of business of the agent at the usual business hours. The Principal shall ensure that the controls are carried out only to the extent necessary so as not to disproportionately disturb the operations of the agent through the controls. (5) In the case of measures taken by the supervisory authority, the agent is obliged to provide the principal with the necessary information within the meaning of Art. 58 DSGVO, in particular to inform the principal in terms of the agent’s information and control obligations, and allow the respective supervisory authority to carry out an on- site inspection. The principal is to be informed by the contractor about planned measures in this re- gard.

Supervisory powers. The Financial Supervisory Authority shall demand that a financial undertaking take the necessary corrective measures in a timely manner if the undertaking does not comply with the provisions of this Act, as well as the regulations and rules adopted by virtue of it. If, on the basis of data or information in its possession, the Financial Supervisory Authority considers it likely that a financial undertaking will not be able to comply with the provisions of this Act within the next 12 months, as well as the regulations and rules deriving from it, the Financial Supervisory Authority shall require the financial undertaking to take the necessary corrective measures in a timely manner. Corrective measures may include, among other things, the application of powers pursuant to this Article or other provisions of the law that are necessary to respond to the situation of the relevant financial undertaking. To enforce the requirements and follow up on the evaluation as provided for in Art.80 and the fourth and fifth paragraphs of Art.81, third paragraph of Art.109(ff) and the first and second paragraphs of this Article and Regulation (EU) no. 575/2013, the Financial Supervisory Authority is authorised to prescribe:

Supervisory powers. 1. The Controller has the right to monitor compliance with statutory laws regarding data protection and/or compliance of the regulations agreed between the Parties and/or compliance with the instructions of the Controller by the Processor at any time to the extent necessary. 2. The Processor shall be obliged to provide the Controller with information to the extent necessary to carry out an inspection in the meaning of paragraph 1. 3. Pursuant to paragraph 1, the Controller shall be permitted to control the premises of the Processor, upon prior timely notification, during regular business hours. The Controller shall thereby ensure that the inspections are carried out only to the extent necessary in order to not interfere with the Processor's business operations.

Supervisory powers. The Client has the right to check at any time and to the necessary extent that the Contractor is complying with the statutory provisions on data protection and/or with the contractual arrangements between the Parties and/or with the instructions given by the Client.