Opening and Approving of Accounts. Correspondent shall open and approve an Account for each Customer only upon obtaining, verifying and retaining current and correct documentation containing the financial and personal information and agreements for each Account (“Account Documents”) required by the Applicable Rules. Correspondent shall introduce the Accounts for acceptance by Clearing Broker by furnishing to Clearing Broker the basic information required to open the account (including, without limitation, the name, address, tax identification number, standing instructions, representative number and such other information or agreements as Clearing Broker may deem necessary to perform the Services) and such Account Documents as Clearing Broker may require. Correspondent shall promptly furnish to Clearing Broker any changes or corrections to the Account information of Account Documents necessary to keep such information and Account Documents current and correct.
Opening and Approving of Accounts. Correspondent shall open and approve an Account for each Customer only upon obtaining, verifying and retaining current and correct documentation containing the financial and personal information and agreements for each Account ("Account Documents") required by the Applicable Rules. Correspondent shall introduce the Accounts for acceptance by Clearing Broker by furnishing to Clearing Broker the basic information required to open the account (including, without limitation, compliance with Correspondent's Customer Identification Program as well as standing instructions, representative number and such other information or agreements as Clearing Broker may deem necessary to perform the Services) and such Account Documents as Clearing Broker may require. Correspondent shall promptly furnish to Clearing Broker any changes or corrections to the Account information or Account Documents necessary to keep such information and Account Documents current and correct. The Customer Identification Program established and maintained by Correspondent shall require at a minimum the information specified for each Customer and records verifying the information as required by the Applicable Rules of the United States Department of the Treasury. Correspondent will not establish or maintain specially coded or numbered accounts. Correspondent will not open Customer Accounts in jurisdictions where it is not appropriately registered. Correspondent shall undertake reasonable efforts to ascertain that the Customer is not engaged in unlawful activities, the assets being invested have been legitimately obtained, and any disbursements to a customer or third party are for legitimate purposes. Correspondent shall annually provide Clearing Broker with copies of its independent audit of its anti-money laundering program and Customer Identification Program. Correspondent hereby agrees and acknowledges that it is obligated to comply with restrictions and conditions on opening and accepting certain Accounts, including but not limited to, the following:
Opening and Approving of Accounts. The second sentence of Section 2.1 of the Existing Agreement is hereby amended to read as follows: "The correspondent shall introduce the Accounts for acceptance by ROG through the courtesy of RPRCS by furnishing to RPRCS the basic information required to open the account (the name, address, tax identification number, standing instructions, representative number and such other information or agreements as the Clearing Firms may deem necessary to perform the Services) and such Account Documents as the Clearing Firms may require in accordance with the Procedures."
