Common use of Obligations of the Customer Clause in Contracts

Obligations of the Customer. 6.1. For the proper processing of business transactions, it is necessary that the Customer without undue delay notifies Trade Republic of any changes regarding the Reference Account provided as well as the Customers’ contact details, in particular changes to the Customers’ mobile number as well as address. In addition, further legal notification obligations may arise, in particular from the German Money Laundering Act (Geldwäschegesetz – hereinafter “GwG”) (e.g., proof that the Reference Account is held in the name of the Customer). If the Customer negligently violates the duties to cooperate, the Customer must compensate Trade Republic for the resulting costs and expenses (e.g., for an address investigation).

Obligations of the Customer. 6.1. For the proper processing of business transactions, it is necessary that the Customer without undue delay notifies Trade Republic of any changes regarding the Reference Account provided as well as the Customers’ contact details, in particular changes to the Customers’ mobile number as well as address. In addition, further legal notification obligations may arise, in particular from the German Money Laundering Act (Geldwäschegesetz – hereinafter “GwG”) (e.g., e.g. proof that the Reference Account is held in the name of the Customer). If the Customer negligently violates the duties to cooperate, the Customer must compensate Trade Republic for the resulting costs and expenses (e.g., e.g. for an address investigation).