Acceptance and Customer Classification. 6.1 BUX will provide its Services subject to the acceptance, onboarding and customer due diligence of the (prospective) Client.
6.2 BUX has internal policies and procedures regarding acceptance, onboarding, customer due diligence and the scope of its Services it provides to certain (categories of) natural persons. BUX reserves the right to, at its sole discretion, refuse to accept persons as a Client without providing a reason for such refusal.
6.3 As part of the acceptance procedure, BUX conducts customer due diligence on persons who executed the Application Form. Customer due diligence includes BUX ascertaining and verifying the identity of these persons. You agree to cooperate in relation to customer due diligence and to truthfully answer the questions asked by BUX relating to onboarding and the Appropriateness Test carried out by BUX, where applicable.
Acceptance and Customer Classification. 6.1 BUX will provide its Services subject to the acceptance, onboarding and customer due diligence of the (prospective) Client.
6.2 BUX has internal policies and procedures regarding acceptance, onboarding, customer due diligence and the scope of its Services it provides to certain (categories of) natural persons. BUX reserves the right to, at its sole discretion, refuse to accept persons as a Client without providing a reason for such refusal.
6.3 As part of the acceptance procedure, BUX conducts customer due diligence on persons who executed the Application Form. Customer due diligence includes BUX ascertaining and verifying the identity of these persons. You agree to cooperate in relation to customer due diligence and to truthfully answer the questions asked by BUX relating to onboarding and the Client Evaluation Test carried out by BUX, where applicable.
6.4 Pursuant to the Laws and Regulations, You must be classified as a retail client, professional client or as an eligible counterparty. Your classification determines the level of client protection and information You are entitled to. In order to provide all its customers with the same level of client protection and information and because the highest level of protection is afforded to retail clients, BUX classifies all its customers as a Retail Client. Once We have accepted Your application, You will therefore be classified by BUX as a Retail Client.
6.5 You may request a different classification than originally assigned. BUX is not obliged to honour such a request and does in principle not offer You the possibility to opt for a classification other than Retail Client.
6.6 The information that You provide Us with is relied upon by Us when processing Your application, for client classification purposes and for otherwise dealing with You. You need to inform Us immediately of any changes (e.g. change of address, contact details, change in employment or financial status, bank/credit details) by email to Customer Services (via xxxxxxx@xxx.xxx), in the mobile application via the account handling page or via chat with Customer Services.
6.7 Persons that are residents of the United States of America, including those who qualify as 'US Citizen', 'permanent resident', 'resident alien' or 'US Person' as per the law of the United States of America (each a “US Person”) and residents of other jurisdictions that do not or only limited tolerate the offering of financial or investment services to their citizens (a “R...
