Artikel 7

1. Where an undertaking is applying for authorization to hold stocks under the framework of this Agreement in circumstances where it will not be the owner of those stocks, as mentioned in Article 3 (1b) and (2b), then neither competent authority shall approve of the holding of the stocks concerned under the framework of this Agreement unless:
a) the undertaking holding the stocks on behalf of the applicant is one who is subject to the jurisdiction of the Contracting Party on whose territory the stocks are situated insofar as the legal powers of that Contracting Party to control and verify the existence of those stocks are concerned;
b) the stocks are to be held by virtue of an agreement in writing between the undertaking with the stockholding obligation and the undertaking holding the stocks on his behalf (the “contract”) which will subsist throughout the period for which authorization is sought;
c) the undertaking with the stockholding obligation has the contractual right to acquire the stocks throughout the period of the contract and the methodology for establishing the price of such acquisition is speci- fied in the contract; and
d) the actual availability of the stocks for the undertaking with the stockholding obligation is guaranteed throughout the period of the contract.
2. Both undertakings consent to disclose to the competent authorities any information obtained for the purpose of implementing this Agreement.