Submission of Specially Designated Brokerage Account Opening Notification Sample Clauses

Submission of Specially Designated Brokerage Account Opening Notification. (1) If a customer wishes to apply for the establishment of the Account to the Bank, such customer must, as a preliminary process, submit a Specially Designated Brokerage Account Opening Notification to the Bank. (2) If a customer selects tax withholding at source for income generated from the transfer of listed shares held in custody in the Account, the customer must submit to the Bank, as a preliminary process, a notification of selecting tax withholding for the specially designated brokerage account (hereinafter, the “Selection Notification”). Unless the customer expresses his/her intention of not selecting tax withholding, the Selection Notification is deemed to have been submitted for any transfer of listed shares held in custody in the Account from the year following the year of submission of the Selection Notification. (3) If a customer has already submitted to the Bank a notification of the commencement of accepting dividends at the tax withholding-selected account (hereinafter, the “Notification of the Commencement of Accepting Dividends”), and received, at the specially designated listed share dividend account, payment of dividends on listed shares in the relevant year, the customer may not select not to have tax withheld at source on gains on transfers of listed shares held in custody in the Account, once any dividend payment on such listed shares is determined in that year.