Common use of Client identification Clause in Contracts

Client identification. The Money Laundering Regulations require all financial institutions to verify the identity of their clients and both SCM and Hubwise have obligations under these regulations. Hubwise will in so far as possible rely on the identity checks already undertaken by SCM but exceptionally, it may need to obtain certain information from you for this purpose. You confirm that all information that you supply will be accurate and accept that Hubwise may need to pass this information to a third party to comply with its reporting requirements. Accordingly, Hubwise may require you to provide it with certain information as shown on your passport, photocard driving licence or other form of acceptable identification and utility bills. You agree to Hubwise conducting an electronic check using third party data sources to verify this information. SCM shall notify you of the information required. In addition, depending on your residence or the results of Hubwise’s electronic checks, further information may be required. Additional requirements may also apply to corporate or trust clients. From time to time it may be necessary for Hubwise to request further identification information order to fulfil its obligations under the Money Laundering Regulations and associated legislation, such as when considerable time has passed since Hubwise provided services to you. Failure to provide the requested information may mean that Hubwise cannot start or continue to provide services to you. Hubwise may seek to re-verify your identity periodically using electronic methods without further reference to you. Hubwise is required to verify in particular the identity of holders in a company or trust beneficiaries that have an interest of at least 20% in or who exercise control over the company, trust or other account. Should you be acting as a director of a company or trustee of a trust, you will be responsible for notifying Hubwise of any changes to holders, beneficiaries or their interests in the company or trust that result in them exceeding the 20% threshold or triggering any requirement to verify their identity. In addition, you agree to notify of any changes in control over the company, trust or other account including, for example, the appointment of new directors or trustees. Hubwise is required to collect a valid national identifier for individuals or a valid Legal Entity Identifier (“LEI”) for all legal entities (companies, charities and trusts, but not bare trusts) in order to facilitate transaction reporting on behalf of SCM. No orders can be submitted without such identifiers being collected from the client. SCM will be responsible for the transaction reporting of individuals or Legal entities.

Client identification. The Money Laundering Regulations require all financial institutions to verify the identity of their clients and both SCM SCMD and Hubwise Société Générale have obligations under these regulations. Hubwise Société Générale will in so far as possible rely on the identity checks already undertaken by SCM SCMD but exceptionally, it may need to obtain certain information from you for this purpose. You confirm that all information that you supply will be accurate and accept that Hubwise Société Générale may need to pass this information to a third party to comply with its reporting requirements. Accordingly, Hubwise Société Générale may require you to provide it with certain information as shown on your passport, photocard driving licence or other form of acceptable identification and utility bills. You agree to Hubwise Société Générale conducting an electronic check using third party data sources to verify this information. SCM SCMD shall notify you of the information required. In addition, depending on your residence or the results of HubwiseSociété Générale’s electronic checks, further information may be required. Additional requirements may also apply to corporate or trust clients. From time to time it may be necessary for Hubwise Société Générale to request further identification information in order to fulfil its obligations under the Money Laundering Regulations and associated legislation, such as when considerable time has passed since Hubwise Société Générale provided services to you. Failure to provide the requested information may mean that Hubwise Société Générale cannot start or continue to provide services to you. Hubwise Société Générale may seek to re-re- verify your identity periodically using electronic methods without further reference to you. Hubwise Société Générale is required to verify in particular the identity of holders in a company or trust beneficiaries that have an interest of at least 20% in or who exercise control over the company, trust or other account. Should you be acting as a director of a company or trustee of a trust, you will be responsible for notifying Hubwise Société Générale of any changes to holders, beneficiaries or their interests in the company or trust that result in them exceeding the 20% threshold or triggering any requirement to verify their identity. In addition, you agree to notify Société Générale of any changes in control over the company, trust or other account including, for example, the appointment of new directors or trustees. Hubwise is required to collect a valid national identifier for individuals or a valid Legal Entity Identifier (“LEI”) for all legal entities (companies, charities and trusts, but not bare trusts) in order to facilitate transaction reporting on behalf of SCM. No orders can be submitted without such identifiers being collected from the client. SCM will be responsible for the transaction reporting of individuals or Legal entities.