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)

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

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

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