Transactions Shall Comply With Rules Clause Samples
The "Transactions Shall Comply With Rules" clause requires that all transactions conducted under the agreement adhere to applicable laws, regulations, and internal policies. In practice, this means that parties must ensure their actions, such as payments, deliveries, or exchanges, are performed in accordance with relevant legal and regulatory standards, as well as any specific rules set by the organization or governing body. This clause serves to minimize legal and regulatory risks by mandating compliance, thereby protecting the parties from potential penalties or invalidation of transactions due to non-compliance.
Transactions Shall Comply With Rules. The parties acknowledge that all transactions in Financial Assets under this Agreement shall be in accordance with the rules and customs of the exchange, market or clearing organization, if any, in which the transactions are executed or settled and in conformity with applicable law and regulations of governmental authorities and future amendments or supplements thereto.