Energy Charter Treaty

53 Energy Charter Treaty Activity in the Energy Sector of other Contracting Parties or for financing trade in Energy Materials and Products with other Contracting Parties. (3) Contracting Parties shall, in implementing programmes in Economic Activity in the Energy Sector to improve the economic stability and investment climates of the Contracting Parties, seek as appropriate to encourage the operations and take advantage of the expertise of relevant international financial institutions. (4) Nothing in this Article shall prevent: (a) financial institutions from applying their own lending or underwriting practices based on market principles and prudential considerations; or (b) a Contracting Party from taking measures: (i) for prudential reasons, including the protection of Investors, consumers, depositors, policy-holders or persons to whom a fiduciary duty is owed by a financial service supplier; or (ii) to ensure the integrity and stability of its financial system and capital markets. Part III: Investment Promotion and Protection Article 10: Promotion, Protection and Treatment of Investments [UNDERSTANDING With respect to Articles 9, 10 and Part V As a Contracting Party’s programmes which provide for public loans, grants, guarantees or insurance for facilitating trade or Investment abroad are not connected with Investment or related activities of Investors from other Contracting Parties in its Area, such programmes may be subject to constraints with respect to participation in them.] 38 [DECLARATION With respect to Article 10 Canada and the United States each affirm that they will apply the provisions of Article 10 in accordance with the following considerations: For the purposes of assessing the treatment which must be accorded to Investors of other Contracting Parties and their Investments, the circumstances will need to be 38 Final Act of the European Energy Charter Conference, Understanding 9.