Common use of CRS Compliance Clause in Contracts

CRS Compliance. 21.1 Client shall confirm that all the information and documents provided in connection with the Account Opening application are true, correct, complete, and not misleading. Client undertakes to notify Galaxy International Securities and/or Galaxy International Futures promptly and within 30 days of such change in writing with updated information and documents whenever there is any change in such information or documents. 21.2 Galaxy International Securities and/or Galaxy International Futures reserves the right to request and the Client has the obligation and agrees to provide to the Galaxy International Securities and/or Galaxy International Futures additional documentary evidence to validate the tax status for CRS purposes by Galaxy International Securities and/or Galaxy International Futures before account opening and during the course of relationship. 21.3 If Client fails to provide Galaxy International Securities and/or Galaxy International Futures with any information requested or to take action as is specified by Galaxy International Securities and/or Galaxy International Futures in the Agreement within the time period specified, Galaxy International Securities and/or Galaxy International Futures shall be entitled to reach whatever conclusions Galaxy International Securities and/or Galaxy International Futures considers to be appropriate and Galaxy International Securities and/or Galaxy International Futures reserves the right to close the Client’s Account or classify the Client’s Account as "undocumented accounts" and/or execute applicable reporting under CRS regulations.