Common use of Client liability Clause in Contracts

Client liability. The CLIENT shall take all measures required to implement this Agreement and comply with the legal and regulatory provisions applicable to transactions governed by the Agreement. The CLIENT shall provide BRED with all the documents required to enable BRED to fulfil its contractual, legal and regulatory obligations. The CLIENT declares that : • the information that he has provided concerning his situation, and • in particular the information concerning his knowledge of the financial markets provided in the “Know your CLIENT” document, is correct, exhaustive and not misleading. The CLIENT shall inform BRED, by letter, including documentary evidence if necessary, of any changes in his situation (family circumstances, tax residency, address for service, etc.) or his ability to assess the characteristics of transactions and the risks that they may entail. If the CLIENT is a legal entity, the CLIENT also undertakes to only enter into transactions that are consistent with its company purpose and status. In addition to the CLIENT’s other obligations of information under this Agreement, the CLIENT shall inform BRED of : • any event that affects its capacity to act, • any changes in its legal form, • the termination of service of any of its legal representatives, • any events that could materially affect its financial capacity. The CLIENT shall forward to BRED all information likely to reflect its financial position and, in particular, its financial statements. The CLIENT shall not contest any transaction entered into at the initiative of any of its legal representatives whose termination of service has not been duly notified to BRED.

Client liability. The CLIENT shall take all measures required to implement this Agreement and comply with the legal and regulatory provisions applicable to transactions governed by the Agreement. The CLIENT shall provide BRED SBE with all the documents required to enable BRED SBE to fulfil its contractual, legal and regulatory obligations. The CLIENT declares that : • the information that he has provided concerning his situation, and • in particular the information concerning his knowledge of the financial markets provided in the “Know your CLIENT” document, is correct, exhaustive and not misleading. The CLIENT shall inform BREDSBE, by letter, including documentary evidence if necessary, of any changes in his situation (family circumstances, tax residency, address for service, etc.) or his ability to assess the characteristics of transactions and the risks that they may entail. If the CLIENT is a legal entity, the CLIENT also undertakes to only enter into transactions that are consistent with its company purpose and status. In addition to the CLIENT’s other obligations of information under this Agreement, the CLIENT shall inform BRED SBE of : • any event that affects its capacity to act, • any changes in its legal form, • the termination of service of any of its legal representatives, • any events that could materially affect its financial capacity. The CLIENT shall forward to BRED SBE all information likely to reflect its financial position and, in particular, its financial statements. The CLIENT shall not contest any transaction entered into at the initiative of any of its legal representatives whose termination of service has not been duly notified to BREDSBE.