From The Jolly Contrarian
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| The “consents” [[representation]] attests that its giver has the necessary permissions regulatory status to carry out its obligations as contemplated under the [[contract]]: for example, that a [[broker-dealer]] carrying out a regulated activity, has the necessary authorisation and permission from any regulator claiming jurisdiction over the activity. A lack of regulatory authority is not likely to lead to outright voidability of the transaction — certainly not where that would run against the person whose interests a missing regulatory authorisation is meant to protect — and this sort of thing is usually covered in pre-contractual [[due diligence]], so this is not a [[representation]] over which one spends a great deal of time agonising. <Br>
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Latest revision as of 08:45, 29 May 2023