Common use of FATCA Reporting Clause in Contracts

FATCA Reporting. If the client is classified as a US person, the Company will be obliged to disclose required financial and other related information to the regulators. Hence, the Client hereby understands and agrees to discharge the Company from the responsibilities for the release of his or her account information without obtaining client’s approval, and undertakes to indemnifies the Company for any consequences arising from such disclosure.

FATCA Reporting. If the client is classified as a US person, the Company will be obliged to disclose required financial and other related information to the regulators. Hence▇▇▇▇▇, the Client hereby understands understands, agrees and agrees to discharge indemnifies the Company from of the responsibilities for the release of his or her account information without obtaining client’s client›s approval, and undertakes to indemnifies the Company for any consequences arising from such disclosure.