Common use of Information on Costs and Charges Clause in Contracts

Information on Costs and Charges. (a) CESL will, in good time before the provision of any Services, provide the Client with appropriate information in relation to the costs and charges relating to the Services CESL may provide to the Client and any third-party payments CESL may receive in connection with the Services CESL may provide to the Client. (b) By way of the Client’s categorisation as a professional client or an eligible counterparty (as applicable), the Client agrees to being provided more limited information on costs and charges than would otherwise be required under Applicable Law. (c) Information on costs and charges with respect to Services will be provided to Client in writing. Client agrees that CESL may provide it with information on costs and charges via e-mail. Client agrees to a limited application of the detailed requirements set out in Article 50 MiFID II Commission Delegated Regulation and in particular the disapplication of the requirement to provide an illustration showing the cumulative effect of costs on return, the requirement to provide an indication of the currency involved and applicable currency conversion rates and costs. (d) Where CESL has or has had an ongoing relationship with the Client during the year, CESL will also provide the Client with appropriate information in relation to the costs and charges incurred in accordance with Applicable Law. (e) The Client may request a breakdown of applicable costs or charges at any time. The Client can make such a request by contacting the Compliance Officer of CESL.

Appears in 4 contracts

Samples: Client Brokerage Agreement, Client Brokerage Agreement, Client Brokerage Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!