Common use of Bearer Shares Clause in Contracts

Bearer Shares. If you, or a shareholder owning or entitled to any of your issued share capital (whether direct or indirect, legal or beneficial) is a company incorporated in a country that permits the issuance of Bearer Shares, we may request further information and/or assurances from you in order to determine whether we will be in a position to maintain your accounts. You agree to tell us immediately if your company, or any such shareholder in your company, has issued Bearer Shares, or converted any shares to Bearer Shares. You also confirm that you are not prevented by law or regulation from complying with this provision. As used in this provision, the term "