Common use of Portability Service Clause in Contracts

Portability Service. The Client has the right to continue contributing to an existing PEPP account even after changing residence to another Member State. In the event of a change of residence, the Client may apply for a new sub-account or contribute to an existing sub-account. The Client may apply to open a sub-account for the countries in which the Broker provides PEPP, and the specific terms and conditions for opening and managing the new sub-account shall be subject to an addendum to this Agreement. If the Broker does not offer the option of opening a sub-account for the European Union Member State to which the Client moves, the Client may request a change of PEPP provider. Information on the Member States for which a PEPP sub-account is available is stated in the PEPP Key Information at ▇▇▇.▇▇▇▇▇.▇▇/▇▇/▇▇▇▇▇▇▇▇▇▇▇.

Appears in 4 contracts

Sources: Pan European Personal Pension Product (Pepp) Provision Agreement, Pepp Provision Agreement, Pepp Provision Agreement