Consents Clauses Clause Samples

Consents Clauses. 1. I agree to advise SITE of any change in circumstances which affects the tax residency status of the account holder (such as being a US resident for tax purposes) and to provide SITE with a suitably updated self- certification form within 30 days of such change in circumstances. If I fail to advise the change of identify status or provide incorrect information and then cause damage of SITE or the Funds managed by SITE, I agree to bear the liability for the damage. 2. If the information which I provide is incorrect, incomplete, or not latest so that SITE can’t assess whether to comply with FATCA, I agree that SITE can take necessary action according to SITE regulations (such as identifying me as Recalcitrant Account Holder). 3. I agree that SITE may, in accordance with FATCA, report the personal information provided by me and related information kept by SITE to US Internal Revenue Service. The purpose of collecting, processing, using, and international transmitting aforementioned information should be subject to the requirement of FATCA and the scope of utilization should be the same as scope of specified purpose indicated in the Account Opening Agreement.