Common use of Accounting to Customers Clause in Contracts

Accounting to Customers. We will also make arrangements for all your investments to be registered in your name unless you first instruct us otherwise in writing. We will forward to you all documents showing ownership of your investments as soon as practicable after we receive them; where a number of documents relating to a series of transactions is involved, we will normally hold each document until the series is complete and then forward them to you. Client Money Axxis Financial Planning does not handle client money. We never accept a cheque made out to us (unless it is a cheque in settlement of charges or disbursements for which we have sent you an invoice) or handle cash. We reserve the right to withhold any proceeds of a sale of an investment or delay any transfer of investments to you until the necessary evidence of identity has been obtained allowing us to comply with anti-Money Laundering regulations. We also reserve the right to refuse to process any new investments or top ups unless we can satisfy our Money Laundering systems and controls.