(b) reinsurance and retrocession; and
(c) services auxiliary to insurance, such as consultancy, risk assessment, actuarial and claim settlement services.
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply only with respect to:
(a) provision and transfer of financial information; and
(b) provision and transfer of financial data processing and related software relating to banking and other financial services, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions).
Canada (15)
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph
(a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) maritime transport and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability deriving therefrom; and
(ii) goods in international transit;
(b) reinsurance and retrocession;
(c) services auxiliary to insurance, as described in subparagraph (d) of the definition of "financial service" in Article 11.1 (Definitions); and
(d) insurance intermediation, such as brokerage and agency, as referred to in subparagraph (c) of the definition of "financial service" in Article 11.1 (Definitions), of insurance of risks related to services listed in subparagraphs (a) and (b) of this paragraph.
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Cross-Border Trade), with respect to:
(a) provision and transfer of financial information, and financial data processing, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions); and
(b) advisory and other auxiliary financial services, and credit reference and analysis, excluding intermediation, relating to banking and other financial services, as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).
Chile
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) international maritime shipping and international commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability deriving there from; and
(ii) goods in international transit;
(b) brokerage of insurance of risks relating to subparagraphs (a)(i) and (a)(ii); and
(c) reinsurance and retrocession; reinsurance brokerage; and consultancy, actuarial and risk assessment services.
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply with respect to:
(a) provision and transfer of financial information, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions);
(b) financial data processing, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions), subject to prior authorisation from the relevant regulator, as required; (16) and
advisory and other auxiliary financial services, excluding intermediation and credit reference and analysis, relating to banking and other financial services, as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).
3. It is understood that a Party's commitments on cross-border investment advisory services shall not, in and of themselves, be construed to require the Party to permit the public offering of securities (as defined under its relevant law) in the territory of the Party by cross-border suppliers of the other Party who supply or seek to supply such investment advisory services. A Party may subject the cross-border suppliers of investment advisory services to regulatory and registration requirements.
Japan
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising therefrom; and
(ii) goods in international transit;
(b) reinsurance, retrocession, and services auxiliary to insurance as referred to in subparagraph (d) of the definition of "financial service" in Article 11.1 (Definitions); and
(c) insurance intermediation, such as brokerage and agency, as referred to in subparagraph (c) of the definition of "financial service" in Article 11.1 (Definitions), of insurance of risks related to services listed in subparagraphs (a) and (b) of this paragraph. (17)
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) securities-related transactions with financial institutions and other entities in Japan as prescribed by the relevant laws and regulations of Japan;
(b) sales of a beneficiary certificate of an investment trust and an investment security, through securities firms in Japan; (18)
(c) provision and transfer of financial information, and financial data processing and related software, as referred to in subparagraph (0) of the definition of "financial service" in Article 11.1 (Definitions); and
(d) advisory and other auxiliary services, excluding intermediation, relating to banking and other financial services, as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).
Malaysia Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising therefrom; and
(ii) goods in international transit; and
(b) reinsurance and retrocession; services auxiliary to insurance comprising consultancy services, actuarial, risk assessment, risk management and maritime loss adjusting; and brokerage services for risks relating to subparagraph (a) of this paragraph.
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to the provision and transfer of financial information and financial data processing and related software, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions).
3. The commitment made by Malaysia under paragraph 2 does not extend to the supply of electronic payment services for payment card transactions. (19)
Mexico
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising therefrom; and
(ii) goods in international transit;
(b) reinsurance and retrocession;
(c) consultancy, actuarial services and risk assessment in connection with subparagraphs (a) and (b); and
(d) brokerage of insurance of risks relating to subparagraphs (a) and (b).
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply only with respect to:
(a) provision and transfer of financial information, and financial data processing and related software, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions), subject to prior authorisation from the relevant regulator, as required; (20) and
(b) advisory and other auxiliary financial services, (21) excluding intermediation, and credit reference and analysis, relating to banking and other financial services as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).
New Zealand
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising therefrom; and
(ii) goods in international transit;
(b) reinsurance and retrocession, as referred to in subparagraph (b) of the definition of "financial service" in Article 11.1 (Definitions);
(c) services auxiliary to insurance, as referred to in subparagraph (d) of the definition of "financial service" in Article 11.1 (Definitions); and
(d) insurance intermediation, such as brokerage and agency, as referred to in subparagraph (c) of the definition of "financial service" in Article 11.1 (Definitions), of insurance risks relating to services listed in subparagraphs (a) and (b) of this paragraph.
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) provision and transfer of financial information and financial data processing and related software, as referred to in subparagraph (0) of the definition of "financial service" in Article 11.1 (Definitions); and
(b) advisory and other auxiliary services, excluding intermediation, relating to banking and other financial services, as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).
Peru (22)
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks related to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising there from; and
(ii) goods in international transit;
(b) reinsurance and retrocession;
(c) consultancy, actuarial, risk assessment and claim settlement services; and
(d) insurance intermediation, such as brokerage and agency, as referred to in subparagraph (c) of the definition of "financial service" in Article 11.1 (Definitions), of insurance of risks relating to services listed in subparagraphs (a) and (b) in this paragraph.
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply only with respect to the provision and transfer of financial information, and financial data processing and related software as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions), subject to prior authorisation from the relevant regulator, as required, and advisory and other auxiliary financial services (24), excluding intermediation, relating to banking and other financial services as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).(25)
Singapore
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of "MAT" risks relating to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising there from; and
(ii) goods in international transit;
(b) reinsurance and retrocession;
(c) services auxiliary to insurance comprising actuarial, loss adjustors, average adjustors and consultancy services;
(d) reinsurance intermediation by brokerages; and
(e) MAT intermediation by brokerages. Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) provision and transfer of financial information, as described in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions); and
(b) financial data processing and related software, as described in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions), subject to prior authorisation from the relevant regulator, as required.(26)
United States
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising therefrom; and
(ii) goods in international transit; and
(b) reinsurance and retrocession; services auxiliary to insurance, as referred to in subparagraph (d) of the definition of "financial service" in Article 11.1 (Definitions); and insurance intermediation, such as brokerage and agency, as referred to in subparagraph (c) of the definition of "financial service" in Article 11.1 (Definitions).
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (c) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to insurance services.
Banking and other financial services (excluding insurance)
3. Article 11.6.1 shall apply only with respect to:
(a) provision and transfer of financial information, and financial data processing and related software, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions); and
(b) advisory and other auxiliary services, excluding intermediation, relating to banking and other financial services, as referred to in subparagraph (p) of the definition of "financial service" in Article 11.1 (Definitions).
Viet Nam
Insurance and insurance-related services
1. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) insurance of risks relating to:
(i) international maritime shipping and international commercial aviation with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability arising therefrom; and
(ii) goods in international transit;
(b) reinsurance and retrocession; and
(c) brokerage services, and services auxiliary to insurance, as referred to in subparagraph (d) of the definition of "financial service" in Article 11.1 (Definitions).
Banking and other financial services (excluding insurance)
2. Article 11.6.1 (Cross-Border Trade) shall apply to the cross-border supply of or trade in financial services, as defined in subparagraph (a) of the definition of "cross-border supply of financial services" in Article 11.1 (Definitions), with respect to:
(a) provision and transfer of financial information, and financial data processing and related software, as referred to in subparagraph (o) of the definition of "financial service" in Article 11.1 (Definitions), subject to prior authorisation from the relevant regulator, as required; (27) and
(b) advisory and other auxiliary services, excluding intermediation, relating to banking and other financial services, as referred to in subparagraph (p) of the definition of financial service" in Article 11.1 (Definitions), to the extent that such services are permitted in the future by Viet Nam.
ANNEX 11-B . SPECIFIC COMMITMENTS
Section A . Portfolio Management
1. A Party shall allow a financial institution organised in the territory of another Party to provide the following services to a collective investment scheme located in its territory: (28)
(a) investment advice; and
(b) portfolio management services, excluding:
(i) trustee services; and