Common use of Conflicts of Interests Clause in Contracts

Conflicts of Interests. 4.8.1 We are required to have arrangements in place to manage conflicts of interest between us and our clients and between different clients. We operate in accordance with a conflicts of interest policy we have put in place for this purpose (which may be revised or updated from time to time) pursuant to Applicable Regulations in which we have identified those situations in which there may be a conflict of interest, and in each case, the steps we have taken to manage that conflict. 4.8.2 We shall not be obliged to disclose to you or take into consideration any fact, matter or finding which might involve a breach of duty or confidence to any other person, or which comes to the notice of any of our directors, officers, employees or agents but does not come to the actual notice of the individual or individuals dealing with you. 4.8.3 The relationship between you and us is as described in this Client Agreement. Neither that relationship, nor the services we provide nor any other matter, will give rise to any fiduciary or equitable duties on our part or on the part of any of our affiliates. As a result, we or any of our affiliates involved in doing business with or for you may act as execution-only brokers and we or any of our affiliates may do business with other clients and other investors whether for our own or such affiliate’s own account. 4.8.4 You accept that we and our Affiliates may either: 4.8.4.1 have interests which conflict with your interest’s, or 4.8.4.2 owe duties which conflict with duties which would otherwise be owed to you, and in either case; or 4.8.4.3 you consent to our acting in any manner which we consider appropriate in such cases subject to Applicable Regulations.

Conflicts of Interests. 4.8.1 5.9.1 We are required to have arrangements in place to manage conflicts of interest between us and our clients and between different clients. We operate in accordance with a conflicts of interest policy we have put in place for this purpose (which may be revised or updated from time to time) pursuant to Applicable Regulations in which we have identified those situations in which there may be a conflict of interest, and in each case, the steps we have taken to manage that conflict. 4.8.2 5.9.2 We shall not be obliged to disclose to you or take into consideration any fact, matter or finding which might involve a breach of duty or confidence to any other person, or which comes to the notice of any of our directors, officers, employees or agents but does not come to the actual notice of the individual or individuals dealing with you. 4.8.3 5.9.3 The relationship between you and us is as described in this Client Agreement. Neither that relationship, nor the services we provide nor any other matter, will give rise to any fiduciary or equitable duties on our part or on the part of any of our affiliatesAffiliates. As a result, we or any of our affiliates Affiliates involved in doing business with or for you may act as execution-only brokers both Market marker and broker, principal and agent and we or any of our affiliates Affiliates may do business with other clients and other investors whether for our own or such affiliateAffiliate’s own account. 4.8.4 5.9.4 You accept that we and our Affiliates may either: 4.8.4.1 have a) Have interests which conflict with your interest’s, interests; or 4.8.4.2 owe b) Owe duties which conflict with duties which would otherwise be owed to you, and in ; and c) In either case; or 4.8.4.3 , you consent to our acting in any manner which we consider appropriate in such cases subject to Applicable Regulations.

Conflicts of Interests. 4.8.1 4.9.1 We are required to have arrangements in place to manage conflicts of interest between us and our clients and between different clients. We operate in accordance with a conflicts of interest policy we have put in place for this purpose (which may be revised or updated from time to time) pursuant to Applicable Regulations in which we have identified those situations in which there may be a conflict of interest, and in each case, the steps we have taken to manage that conflict. 4.8.2 4.9.2 We shall not be obliged to disclose to you or take into consideration any fact, matter or finding which might involve a breach of duty or confidence to any other person, or which comes to the notice of any of our directors, officers, employees or agents but does not come to the actual notice of the individual or individuals dealing with you. 4.8.3 4.9.3 The relationship between you and us is as described in this Client Agreement. Neither that relationship, nor the services we provide nor any other matter, will give rise to any fiduciary or equitable duties on our part or on the part of any of our affiliatesAffiliates. As a result, we or any of our affiliates Affiliates involved in doing business with or for you may act as execution-only brokers both Market marker and broker, principal and agent and we or any of our affiliates Affiliates may do business with other clients and other investors whether for our own or such affiliateAffiliate’s own account. 4.8.4 4.9.4 You accept that we and our Affiliates may either: 4.8.4.1 a) have interests which conflict with your interest’s, or 4.8.4.2 b) owe duties which conflict with duties which would otherwise be owed to you, and in either casecase (i); or 4.8.4.3 you consent to our acting in any manner which we consider appropriate in such cases subject to Applicable Regulations.