Common use of No Duty to Advise Clause in Contracts

No Duty to Advise. The Customer acknowledges and agrees that the Bank is only acting as a custodian in connection with the Custody Property and is not involved in the distribution, offer or provision of any advice relating to the Custody Property. The Bank is not obliged to provide the Customer with any information relating to the Custody Property and will not be responsible to take any follow-up actions relating to the Custody Property (including but not limited to undertaking of due diligence or assessment of customer suitability or risk profile of the Securities and/or Investment). The Bank shall be under no duty to assess the prudence of any of the Customer’s Instructions or to give any advice in relation thereto and may, therefore, act in accordance with any Instructions of the Customer. The Customer understands that the duties of the Bank under this Part are purely of an administrative, and not advisory, nature.

No Duty to Advise. The Customer acknowledges and agrees that the Bank is only acting as a custodian in connection with the Custody Property and is not involved in the distribution, offer or provision of any advice relating to the Custody Property. The Bank is not obliged to provide the Customer with any information relating to the Custody Property and will not be responsible to take any follow-follow- up actions relating to the Custody Property (including but not limited to undertaking of due diligence or assessment of customer suitability or risk profile of the Securities and/or Specified Products and/ or other Investment). The Bank shall be under no duty to assess the prudence of any of the Customer’s Instructions or to give any advice in relation thereto and may, therefore, act in accordance with any Instructions of the Customer. The Customer understands that the duties of the Bank under this Part are purely of an administrative, and not advisory, nature.