Disclosure where Beneficiaries are Intermediaries. If, in respect of any transaction effected or to be effected by NECHK for the Client pursuant to this Agreement, the Client is acting as an intermediary in a jurisdiction with client secrecy laws, the Client confirms that (a) an agreement has been entered into by the ultimate beneficiary owner in respect of such transaction that waives the benefit of such secrecy laws in respect of providing to the regulators the information required by the regulators upon request pursuant to Clause 16; and (b) such agreement is legally binding under the relevant foreign law.
Disclosure where Beneficiaries are Intermediaries. If, in respect of any Transaction effected or to be effected by Suntek for the Client pursuant to this Agreement, the Client is acting as an intermediary and is not the person or entity (legal or otherwise) ultimately responsible for originating the Instruction or the person or entity (legal or otherwise) that stands to gain its commercial or economic benefit and/or bear its commercial or economic risk. The Client hereby undertakes and agrees to provide information on the identity, address, contact and other details of such person or entity to Suntek before giving the Instruction to Suntek. The Client also undertakes and agrees to provide such information directly to the relevant exchanges, government agencies or regulators within two (2) Business Days upon receipt of written request from Suntek.
