Client Acceptance Policy. 4.1 The Prospective Client acknowledges and understands that the Company is not obliged and/or required under any applicable laws or regulations to accept any Prospective Client as its Client. The Company has the right to decline and/or refuse to accept a Prospective Client as its Client, if it reasonably believes that the Prospective Client might pose a risk to the Company and/or if accepting such a Prospective Client shall be against the Company’s Client Acceptance Policy. It should be noted that the Company is under no obligation to provide any reason for not accepting a Prospective Client as its Client.
Client Acceptance Policy. 4.1. The Prospective Client acknowledges and understands that the Company is not obliged and/or required under any applicable laws or regulations to accept any Prospective Client as its Client. The Company will not accept as its Clients prospective clients that are under eighteen years old. The Company has the right to decline and/or refuse to accept a Prospective Client as its Client, if it reasonably believes that the Prospective Client might pose a risk to the Company and/or if accepting such a Prospective Client shall be against the Company’s Client Acceptance Policy. It should be noted that the Company is under no obligation to provide any reason for not accepting a Prospective Client as its Client.
Client Acceptance Policy. 7.1. We are obligated by law to confirm and verify the identity of of both person and legal entity who registers on our system and opens an Account with us; therefore, as part of our obligations to comply with applicable “Anti-Money Laundering (“AML”) & Know Your Customer (“KYC”) Legislation”, you will be prompted to provide us with the following information when you register with us: (a) name; (b) address/ residency; (c) date of birth; (d) nationality; (e) contact information;
Client Acceptance Policy. 10 5. Commencement of the Account Opening Agreement ........................................ 11 6. Client Categorisation ........................................................................................... 11 7. Capacity ................................................................................................................ 12 8. Assurances and Guarantees ............................................................................... 13 9. Services .......................................................................................................................... 13 10. Instructions.................................................................................................. ......... 15
Client Acceptance Policy. 7.1. We are obliged by Law to confirm and verify the identity of both person and legal entity who registers an Account with us. We reserve the right to make an assessment required to determine the extent to which the service or product is suitable to your needs and/or appropriate to your level of knowledge and experience. We have adopted a ‘Appropriateness test’ which shall apply to all Clients who shall complete and satisfy this requirement during the registration process before being provided investment services, unless you are classified as ‘Eligible counterparty’ by default.
Client Acceptance Policy. It should be noted that the Company is under no obligation to provide any reason for not accepting a Prospective Client as its Client.
Client Acceptance Policy. Merit Capital has developed and implemented a Client acceptance policy tailored to its business. This enables it, in establishing a business relationship with every type of Client or performing transactions for Clients, to conduct a prior investigation into the reputational risks linked to the profile of the Client and to the nature of the business relationship or the desired transaction. The financial instruments offered or recommended by Merit Capital have also been assessed as to whether they meet the needs of our Clients of our identified target group. This policy applies identically, regardless of whether a business relationship is established or an occasional transaction is carried out. The Client acceptance policy provides for, among other things: • The attribution of the power of decision regarding the establishment of a business relationship or the execution of a transaction to an appropriate hierarchical level (in this case the Compliance Officer), taking into account the magnitude of those risks; • A risk scale on the basis of which Clients are classified into risk categories; • A description of the measures that Merit Capital will take in the event of an increased risk of money laundering or terrorist financing; • A description of the situations in which and conditions under which exemptions and deviations from the normal rules are permissible; • In addition, the policy here forms part of the “integrity policy” that senior management, under the supervision of the board of directors, has developed and updates on a regular basis.
Client Acceptance Policy. 4.1 The Prospective Client acknowledges and understands that the Company is not obliged and/or required under any applicable laws or regulations to accept any Prospective Client as its Client. The Company has the right to decline and/or refuse to accept a Prospective Client as its Client, if it reasonably believes that the Prospective Client might pose a risk to the Company and/or if accepting such a Prospective Client shall be against the Company’s Client Acceptance Policy. It should be noted that the Company is under no obligation to provide any reason for not accepting a Prospective Client as its Client.
4.2 The Prospective Client must fill in and submit the online Account Opening Application Form found on the Company’s website and provide to the Company all the required identification documentation. The Company shall then send a notice of acceptance to the Prospective Client confirming that he has been successfully accepted as a Client of the Company.
4.3 The Client acknowledges and understands that the Company has the right to refuse to activate an account and/or shall not accept any money from any Prospective Client until all documentation requested has been provided to the Company, which has been properly and fully completed by the Prospective Client. The Prospective Client shall not yet be considered as a Client of the Company if all internal Company checks, including without limitation to anti-money laundering checks and the appropriateness tests have not been duly satisfied. The Client acknowledges and understands that the Company may request additional due diligence documents for further clarification. Should the Client not provide such additional documentation and/or information the Company may at its own discretion terminate its business relationship with the Client.
4.4 The Company has the right to close any Account opened by a Prospective Client which has not been approved by the Company and which has been pending for approval for a set period of 3 (three) months.
