Common use of FATCA Compliance Clause in Contracts

FATCA Compliance. a) Effective July 1, 2014 OANDA is required to comply with the U.S. Foreign Account Tax Compliance Act (“FATCA”) requirements in respect of accounts maintained at OANDA. In this regard, OANDA may be required to request certain information from you within ninety days of your account being opened. Such information may be requested in the form of a completed tax certification form signed under penalty of perjury. If you do not provide this information OANDA will be required to report you as a “recalcitrant account holder” pursuant to FATCA requirements to the appropriate governmental authority. OANDA will take all necessary action to be and remain compliant with FATCA as is required by law or agreement between governments. OANDA will not be liable for any losses, costs, expenses, damages, liabilities you may suffer as a result of complying with FATCA requirements. b) You are solely responsible in managing all your tax matters and adhering to the relevant tax law applicable to you. OANDA is not liable for any direct, indirect, special or consequential consequences whether monetary and/or other form arising from your inability of meeting your own tax obligation. c) You authorise us, our staff and any other person who by reason of their scope of work or capacity or office have access to our records, registers or any correspondence or material with regards to all your personal and account information (“Personal Information”) to disclose any Personal Information, where such disclosure is required by any applicable laws (including applicable laws imposing any reporting and/ or withholding obligations on us such as the United States Foreign Account Tax Compliance Act as may be amended, superceded or replaced), to: any of our branches, representative offices related companies, subsidiaries, or any of our other offices wherever situated; any government, quasi-government, regulatory, fi monetary or other authority, agency body or person, whether in Singapore or elsewhere; and any party to whom we are under a duty to disclose or where we in good xxxxx xxxx it in our interest to make such disclosure.

FATCA Compliance. a) Effective July 1, 2014 OANDA is required to comply with the U.S. Foreign Account Tax Compliance Act (“FATCA”) requirements in respect of accounts maintained at OANDA. In this regard, OANDA may be is required to request certain information from you within ninety days of your account being opened. Such information may be requested in the form of a completed tax certification form signed under penalty of perjury. If you do not provide this information OANDA will be required to report you as a “recalcitrant account holder” pursuant to FATCA requirements to the appropriate governmental authority. OANDA will take all necessary action to be and remain compliant with FATCA as is required by law or agreement between governments. OANDA will not be liable for any losses, costs, expenses, damages, liabilities you may suffer as a result of complying with FATCA requirements. b) . You are solely hereby acknowledge that OANDA will not provide any recommendations to you and will not be responsible in managing all your tax matters and adhering to the relevant tax law applicable to for making any suitability determinations of trades when accepting orders from you. OANDA is not liable You alone are responsible for any direct, indirect, special or consequential consequences whether monetary and/or other form arising from your inability of meeting your own tax obligation. c) You authorise usinvestment decisions and OANDA will not consider your financial situation, our staff and any other person who by reason of their scope of work investment knowledge, investment objectives or capacity or office have access to our recordsrisk tolerance when accepting orders. YOU ACKNOWLEDGE THAT YOU HAVE RECEIVED A COPY OF THIS CUSTOMER AGREEMENT AND THAT YOU HAVE READ AND UNDERSTAND IT. YOU FURTHER REPRESENT, registers or any correspondence or material with regards to all your personal and account information (“Personal Information”) to disclose any Personal InformationWARRANT AND AGREE THAT YOU UNDERSTAND THE ABOVE-MENTIONED AGREEMENT AND ARE WILLING AND ABLE, where such disclosure is required by any applicable laws (including applicable laws imposing any reporting and/ or withholding obligations on us such as the United States Foreign Account Tax Compliance Act as may be amendedFINANCIALLY AND OTHERWISE, superceded or replaced), toTO ASSUME THE RISKS OF TRADING FOREIGN EXCHANGE CONTRACTS AND CFDS. A BINDING LEGAL CONTRACT WILL BE FORMED BETWEEN YOU AND OANDA. Example 1: any of our branches, representative offices related companies, subsidiaries, or any of our other offices wherever situated; any government, quasi-government, regulatory, fi monetary or other authority, agency body or person, whether in Singapore or elsewhere; and any party to whom we are under a duty to disclose or where we in good xxxxx xxxx it in our interest to make such disclosure.Margin Closeout Causing Large Sell Transaction