Financial services outsourcing agreement (intra group)


Published by a UUÂãÁÄÖ±²¥ Financial Services expert
Precedents

Financial services outsourcing agreement (intra group)


Published by a UUÂãÁÄÖ±²¥ Financial Services expert

Precedents
imgtext

This Agreement is made on [insert date]

Parties

  1. 1

    [Insert name of party] a Company incorporated in England and Wales (under number [insert registered number ]) whose registered office is at [insert registered address] (the Service Provider) and

  1. 2

    [Insert name of party] a company incorporated in England and Wales (under number [insert registered number]) whose registered office is at [insert registered address] (the Firm)

    (each of the Service Provider and the Firm being a Party and together the Service Provider and the Firm are the Parties)

Recitals:

    1. (A)

      The Firm is an [insert, eg investment management and advisory firm] and is authorised and regulated by the Financial Conduct Authority (FCA)

    1. (B)

      The Firm is a wholly owned subsidiary of the Service Provider

    1. (C)

      The Parties have decided to enter into this Agreement to document those operational functions which are being outsourced to the Service Provider and which are, in the opinion of the Firm, important or critical to compliance by the Firm with the conditions and obligations of its authorisation or its other obligations under UK law on markets in financial instruments, or its financial performance,

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Outsourcing definition
What does Outsourcing mean?

Using a third party to undertake work that a law firm or in-house team would normally do for themselves and for which the firm or in-house team remain responsible.

Read more

Popular documents

Financial services outsourcing

Financial services outsourcingThis Practice Note examines the outsourcing requirements which apply to firms as set out in:•Commission Delegated Retained Regulation (EU) 2017/565 (the UK MiFID II Organisational Regulation), and • the Senior Management Arrangements, Systems and Controls sourcebook

If planning permission imposes restrictions on a licensed premises opening hours, once operational can

If planning permission imposes restrictions on a licensed premises opening hours, once operational can the personal licence holder apply for a Temporary Events Notice (TEN) to open for longer hours than those permitted in the planning permission?To use any property for a licensable activity both

Micklefield clauses

Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a