Mutual representations and agreements. The Firm and the Client agree the following:
1. The Firm will receive orders and conduct transactions on behalf of the Client in financial instruments in accordance with the terms and conditions set forth in this agreement, the attached “general principles of Capital Markets Elite Group (UK) Limited for the execution of orders in financial instruments (“best execution policy”) and the attached “information on the principles for dealing with conflicts of interest within Capital Markets Elite Group (UK) Limited” (“conflicts of interest policy”) and schedule 1 (“research suitability and data controller”) and addendum (if required), each in its valid version as may be amended by the Firmfrom time to time upon written notice to the Client (collectively, this “agreement”).
2. The offer for concluding this agreement comes into effect upon its delivery and shall be valid without signature. The Firm abandons the receipt of a declaration of acceptance by the Client. The Client’s agreement and acceptance of this agreement will be deemed to be given when it places its first order with the Firm. Thereafter, this agreement will be deemed to be renewed with each order placed with, or each transactioneffected through, the Firm. This agreement shall apply to all account(s) opened in the Client’s name, or as to which the Clienthas trading authorisation.
3. The Firm generally classifies the Client as a “Professional Client” or “Eligible Counterparty” for the purposes of the rules and guidance issued by the FCA. The Client is entitled to request a different Client classification, but in that event, the Firm may terminate this agreement for cause. The Client may opt to be treated as eligible counterparty, in which case the Client shall so notify the Firm in writing and the Firm will provide to the Client additional disclosures. Client warrants that any transaction entered into under this agreement is permissible under their relevant home state legislation. For the purposes of this agreement and under the terms of this agreement the Client accepts the professional Client classification as given by the Firm, and understands that this classification in particular means:
a. Professional Clients are deemed to have sufficient experience, knowledge, and expertise to make investment- decisions independently and form appropriate judgment- sof the risk involved, so the Firm will not provide additional information about any financial instrument to the Client;
b. The Firm is not obliged t...
