Financial services outsourcing agreement (intra group)

The following Financial Services precedent provides comprehensive and up to date legal information covering:

  • Financial services outsourcing agreement (intra group)

Financial services outsourcing agreement (intra group)

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, or the soundness or the continuity of its investment services and activities.

    1. 1

      Definitions

      1. 1.1

        In this Agreement, unless otherwise provided:

        Agreed Service Levels

        1. means the service levels set out in Schedule 2 to this Agreement;

        Applicable Law

        1. means any law,

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