Common use of CLIENT ACCEPTANCE Account Opening Procedure Clause in Contracts

CLIENT ACCEPTANCE Account Opening Procedure. After the Client fills in and submits the Account Opening Application Form together with all the required identification documentation, the Company will send him a notice informing him whether he has been accepted as a customer of the Company. It is understood that the Company is not to be required (and may be unable) to accept the Client as its customer under Applicable Regulations and/or until all documentation it requires has been received by the Company, properly and fully completed by the Client and all internal Company checks (including without limitation anti-money laundering checks and appropriateness tests) have been fully satisfied. In the event that the Client is accepted by the Company as its customer, the Company will open a Client Account for the Client, which will be activated upon the Client first deposit. The Agreement will take effect and commence upon the receipt by the Client of the notice sent by the Company informing the Client that he has been accepted as the Company’s customer and that a Client Account has been opened for him. CDG Global (EU) Ltd will treat the Client as a Retail Client, Professional Client or Eligible Counterparty, depending on how the Client completes the “Account Application” Form. The category of Retail Client provides the highest level of regulatory regime protection compared to a Professional Client or Eligible Counterparty. The Client is bound by the method of categorization as this method is explained thoroughly in the document under the title “Customer Categorization” as this can be found in the Website, and by accepting these terms and conditions the Client accepts application of such method. The Company will inform the client via e-mail of his categorisation according to Applicable Regulations. When assessing the Client’s classification and thereafter dealing with the Client, CDG Global (EU) Ltd will rely upon the truth, accuracy and completeness of the information provided by the Client in the “Account Application” Form. The Client expressly consents to CDG Global (EU) Ltd using and relying on all such information in making its assessment and its dealings with the Client. If there is a change in the personal circumstances of the Client, the Client must immediately notify CDG Global (EU) Ltd of the change in writing. CDG Global (EU) Ltd may review the Client’s classification from time to time (subject to complying with regulatory requirements) to re- classify the Client if necessary. Subject to the provisions of the Law and any applicable legislation, the Company may be excluded from certain of its obligations under Applicable Regulations or the Agreement in the event where the Client is categorised as a Professional Client or an Eligible Counterparty. Nothing in this Agreement shall be deemed to bind the Company against the Client as far as such obligations are concerned, unless the Company and the Client expressly agree to the applicability of such provisions of Applicable Regulations and/or the Agreement.

CLIENT ACCEPTANCE Account Opening Procedure. After the Client fills in and submits the Account Opening Application Form together with all the required identification documentation, the Company will send him a notice informing him whether he has been accepted as a customer of the Company. It is understood that the Company is not to be required (and may be unable) to accept the Client as its customer under Applicable Regulations and/or until all documentation it requires has been received by the Company, properly and fully completed by the Client and all internal Company checks (including without limitation anti-money laundering checks and appropriateness tests) have been fully satisfied. In the event that the Client is accepted by the Company as its customer, the Company will open a Client Account for the Client, which will be activated upon the Client first deposit. The Agreement will take effect and commence upon the receipt by the Client of the notice sent by the Company informing the Client that he has been accepted as the Company’s customer and that a Client Account has been opened for him. CDG Global HTFX (EU) Ltd LTD will treat the Client as a Retail Client, Professional Client or Eligible Counterparty, depending on how the Client completes the “Account Application” Form. The category of Retail Client provides the highest level of regulatory regime protection compared to a Professional Client or Eligible Counterparty. The Client is bound by the method of categorization as this method is explained thoroughly in the document under the title “Customer Categorization” as this can be found in the Website, and by accepting these terms and conditions the Client accepts application of such method. The Company will inform the client via e-mail of his categorisation according to Applicable Regulations. When assessing the Client’s classification and thereafter dealing with the Client, CDG Global HTFX (EU) Ltd LTD will rely upon the truth, accuracy and completeness of the information provided by the Client in the “Account Application” Form. The Client expressly consents to CDG Global HTFX (EU) Ltd LTD using and relying on all such information in making its assessment and its dealings with the Client. If there is a change in the personal circumstances of the Client, the Client must immediately notify CDG Global HTFX (EU) Ltd LTD of the change in writing. CDG Global HTFX (EU) Ltd LTD may review the Client’s classification from time to time (subject to complying with regulatory requirements) to re- re-classify the Client if necessary. Subject to the provisions of the Law and any applicable legislation, the Company may be excluded from certain of its obligations under Applicable Regulations or the Agreement in the event where the Client is categorised as a Professional Client or an Eligible Counterparty. Nothing in this Agreement shall be deemed to bind the Company against the Client as far as such obligations are concerned, unless the Company and the Client expressly agree to the applicability of such provisions of Applicable Regulations and/or the Agreement.