Common use of Disclosure to Regulators Clause in Contracts

Disclosure to Regulators. If USL receives any request for information on any Transaction relating to any of the Client’s Account by any regulators in Hong Kong or elsewhere including but not limited to the SFC and the Exchange, even if the Client’s account has been terminated prior to such request: (a) The Client hereby authorizes USL to provide the required information to the regulators according to the request, where USL already has such information; (b) The Client shall, upon USL’s request, provide the required information to USL or the relevant regulators within two (2) Business Days of such regulator’s request, where USL does not have such information; (c) The Client shall, within two (2) Business Days of such regulator’s request, inform USL or the relevant regulators of the identity, address, contact details and other relevant identification information of any beneficiary (“underlying client”) or originator of instructions in respect of the Client's Account, where the Client acts as an intermediary of and effects trades for the benefit of such third party(ies), and where the Client effects trades for discretionary accounts, discretionary trusts or collective investment schemes, the Client shall also provide USL or the relevant regulators with the identification information of such accounts, trusts or schemes and their managers, and whenever the manager’s discretion is overridden by the beneficiary or any other persons, the identification information of such beneficiary or any other persons who has overridden the manager’s discretion, and whenever the manager’s discretion is overridden, the Client shall immediately inform USL such information in writing; (d) The Client, where acting as an intermediary, shall make arrangements with such underlying client(s) or any third party(ies) to ensure or procure the provision of such identification information of its underlying clients, together with their written consents for the provision of such information and/or waivers of any benefits of the secrecy or personal data protection laws that prohibit disclosure, to the regulators; and (e) The Client shall, upon USL’s request, immediately provide, or authorize USL to provide, the aforesaid relevant identification information to any regulatory authority in Hong Kong or any other jurisdiction within two (2) Business Days of the regulator’s request.

Disclosure to Regulators. If USL uSMART SG receives any request for information on any Transaction relating to any of the Client’s Account by any regulators in Hong Kong Singapore or elsewhere including but not limited to the SFC MAS and the Exchange, even if the Client’s account has been terminated prior to such request: (a) The the Client hereby authorizes USL authorises uSMART SG to provide the required information to the regulators according to the request, where USL uSMART SG already has such information; (b) The the Client shall, upon USLuSMART SG’s request, provide the required information to USL uSMART SG or the relevant regulators within two (2) Business Days of such regulator’s request, where USL uSMART SG does not have such information; (c) The the Client shall, within two (2) Business Days of such regulator’s request, inform USL uSMART SG or the relevant regulators of the identity, address, contact details and other relevant identification information of any beneficiary (“underlying client”) or originator of instructions Instructions in respect of the Client's Account, where the Client acts as an intermediary of and effects trades Trades for the benefit of such third party(ies), and where the Client effects trades Trades for discretionary accounts, discretionary trusts or collective investment schemes, the Client shall also provide USL uSMART SG or the relevant regulators with the identification information of such accounts, trusts or schemes and their managers, and whenever the manager’s discretion is overridden by the beneficiary or any other persons, the identification information of such beneficiary or any other persons who has overridden the manager’s discretion, and whenever the manager’s discretion is overridden, the Client shall immediately inform USL uSMART SG such information in writing; (d) The the Client, where acting as an intermediary, shall make arrangements with such underlying client(s) or any third party(ies) to ensure or procure the provision of such identification information of its underlying clients, together with their written consents for the provision of such information and/or waivers of any benefits of the secrecy or personal data protection laws that prohibit disclosure, to the regulators; and (e) The the Client shall, upon USLuSMART SG’s request, immediately provide, or authorize USL authorise uSMART SG to provide, the aforesaid relevant identification information to any regulatory authority in Hong Kong Singapore or any other jurisdiction within two (2) Business Days or such longer extended period where necessary of the regulator’s request.

Disclosure to Regulators. If USL receives any request for information on any Transaction relating to any of the Client’s Account by any regulators in Hong Kong or elsewhere including but not limited to the SFC and the Exchange, even if the Client’s account has been terminated prior to such request: (a) The Client hereby authorizes USL to provide the required information to the regulators according to the request, where USL already has such information; (b) The Client shall, upon USL’s request, provide the required information to USL or the relevant regulators within two (2) Business Days of such regulator’s request, where USL does not have such information; (c) The Client shall, within two (2) Business Days of such regulator’s request, inform USL or the relevant regulators of the identity, address, contact details and other relevant identification information of any beneficiary (“underlying client”) or originator of instructions in respect of the Client's Account, where the Client acts as an intermediary of and effects trades for the benefit of such third party(ies), and where the Client effects trades for discretionary accounts, discretionary trusts or collective investment schemes, the Client shall also provide USL or the relevant regulators with the identification information of such accounts, trusts or schemes and their managers, and whenever the manager’s discretion is overridden by the beneficiary or any other persons, the identification information of such beneficiary or any other persons who has overridden the manager’s discretion, and whenever the manager’s discretion is overridden, the Client shall immediately inform USL such information in writing; (d) The Client, where acting as an intermediary, shall make arrangements with such underlying client(s) or any third party(ies) to ensure or procure the provision of such identification information of its underlying clients, together with their written consents for the provision of such information and/or waivers of any benefits of the secrecy or personal data protection laws that prohibit disclosure, to the regulators; and (e) The Client shall, upon USL’s request, immediately provide, or authorize USL to provide, the aforesaid relevant identification information to any regulatory authority in Hong Kong or any other jurisdiction within two (2) Business Days of the regulator’s request.,

Disclosure to Regulators. If USL NECHK receives any request for information on any Transaction transaction relating to any of the Client’s Account by any regulators in Hong Kong or elsewhere including but not limited to the SFC and the Exchange, even if the Client’s account has been terminated prior to such request: (a) The the Client hereby authorizes USL to shall provide the required information to the regulators according to the request, where USL already has such information; (b) The Client shall, upon USL’s request, provide the required information to USL or the relevant regulators within two (2) Business Days of such regulator’s request, where USL does not have such information; (cb) The the Client shall, within two (2) Business Days of such regulator’s request, inform USL NECHK or the relevant regulators of the identity, address, contact details and other relevant identification information of any beneficiary (“underlying client”) or originator of instructions in respect of the Client's Account, where the Client acts as an intermediary of and effects trades for the benefit of such third party(iesparty(is), and where the Client effects trades for discretionary accounts, discretionary trusts or collective investment schemes, the Client shall also provide USL NECHK or the relevant regulators with the identification information of such discretionary accounts, discretionary trusts or collective investment schemes and their managers, and whenever the manager’s discretion is overridden by the beneficiary or any other persons, the identification information of such beneficiary or any other persons who has overridden the manager’s discretion, and whenever the manager’s discretion is overridden, the Client shall immediately inform USL NECHK such information in writing; (dc) The Client, where acting as an intermediary, shall make arrangements with such underlying client(s) or any third party(iesparty(is) to ensure or procure the provision of such identification information of its underlying clients, together with their written consents for the provision of such information and/or waivers of any benefits of the secrecy or personal data protection laws that prohibit disclosure, to the regulators; and (ed) The the Client shall, upon USLNECHK’s request, immediately provide, or authorize USL NECHK to provide, the aforesaid relevant identification information to any regulatory authority in Hong Kong or any other jurisdiction within two (2) Business Days of the regulator’s request.