Common use of Disclosure to Regulators Clause in Contracts

Disclosure to Regulators. If GTJAS receives any request for information on any Transaction relating to any of the Client’s Account (including where applicable information relating to the Client’s underlying clients and transactions therewith) by any regulators in Hong Kong or elsewhere including but not limited to the SFC and the Exchange, even if the Client’s account has been terminated prior to such request: (a) The Client hereby authorizes GTJAS to provide the required information to the regulators according to the request, where GTJAS already has such information; (b) The Client shall, upon GTJAS’s request, provide the required information to GTJAS or the relevant regulators within two (2) Business Days of such regulator’s request, where GTJAS does not have such information; (c) The Client will, within two (2) Business Days of such regulator’s request, inform GTJAS or the relevant regulators the identity, address, contact details and other relevant identification information (collectively the “identity information” or “identification information”) of any third party(ies), where the Client acts as an intermediary of and effect trades for the benefit of such third party(ies), if the Client effects a transaction for discretionary accounts, discretionary trusts and/or collective investment scheme, their identity information, those of their managers and whenever the manager’s discretion is overridden by other persons; (d) The Client, if it acts as an intermediary, shall make arrangements with such third party(ies) to ensure or procure the provision of such identity information of its underlying clients, including the written consent and/or waiver of any benefits of the secrecy or personal data protection laws that prohibits disclosure be made to the regulators; and (e) The Client will, upon GTJAS’ request, immediately provide directly or authorize GTJAS to provide the aforesaid relevant information to any government or regulatory authority in Hong Kong or any other jurisdiction. The Client agrees to indemnify GTJAS against all Loss incurred by GTJAS as a result of any delay or failure of the above obligations of the Client to provide information as requested by the regulator.

Disclosure to Regulators. If GTJAS receives any request for information on any Transaction relating to any of the Client’s Account (including where applicable information relating to the Client’s underlying clients and transactions therewith) by any regulators in Hong Kong or elsewhere including but not limited to the SFC and the Exchange, even if the Client’s account has been terminated prior to such request: (a) The Client hereby authorizes GTJAS to provide the required information to the regulators according to the request, where GTJAS already has such information; (b) The Client shall, upon GTJAS’s request, provide the required information to GTJAS or the relevant regulators within two (2) Business Days of such regulator’s request, where GTJAS does not have such information; (c) The Client willshall, within two (2) Business Days of such regulator’s request, inform GTJAS or the relevant regulators of the identity, address, contact details and other relevant identification information of any beneficiary (collectively the “identity information” or “identification informationunderlying client”) or originator of any third party(ies)instructions in respect of the Client's Account, where the Client acts as an intermediary of and effect effects trades for the benefit of such third party(ies), if and where the Client effects a transaction trades for discretionary accounts, discretionary trusts and/or or collective investment schemeschemes, the Client shall also provide GTJAS or the relevant regulators with the identification information of such accounts, trusts or schemes and their identity informationmanagers, those of their managers and whenever the manager’s discretion is overridden by the beneficiary or any other persons, the identification information of such beneficiary or any other persons who has overridden the manager’s discretion, and whenever the manager’s discretion is overridden, the Client shall immediately inform GTJAS such information in writing; (d) The Client, if it acts where acting as an intermediary, shall make arrangements with such underlying client(s) or any third party(ies) to ensure or procure the provision of such identity identification information of its underlying clients, including together with their written consents for the written consent provision of such information and/or waiver waivers of any benefits of the secrecy or personal data protection laws that prohibits disclosure be made prohibit disclosure, to the regulators; and (e) The Client willshall, upon GTJAS’ ’s request, immediately provide directly provide, or authorize GTJAS to provide provide, the aforesaid relevant identification information to any government or regulatory authority in Hong Kong or any other jurisdiction. The Client agrees to indemnify GTJAS against all Loss incurred by GTJAS as a result of any delay or failure jurisdiction within two (2) Business Days of the above obligations of the Client to provide information as requested by the regulator’s request.