Template:Rep consents

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.