Common use of Execution Policy Clause in Contracts

Execution Policy. 13.1. The Company takes all reasonable steps to obtain the best possible results for its Clients. The Company’s Order Execution Policy sets out a general overview on how orders are executed as well as several other factors that can affect the execution of a financial instrument. You acknowledge and accept that you have read and understood the “Order Execution Policy”, which was provided to you during the registration process and which is uploaded on the Company’s website. 13.2. You agree that the Company may execute an order on your behalf outside a regulated market and/or an MTF and that the Company’s Order Execution Policy will not apply when you place a specific instruction. The execution venues to all Clients’ orders will be the CIF and Centalspot Trading Ltd a duly authorized market maker. 13.3. Under MiFIR requirements the Company must report to CySEC or any Competent Authority transactions in Financial Instruments admitted for trading on a regulated market or a trading venue notwithstanding whether such transactions are performed on or off that regulated market or trading venue. Under this statement, you irrevocably authorize the Company to report all your CFD Transactions to CySEC where the underlying Financial Instruments are admitted for trading on a regulated market or a trading venue within the EU. 13.4. To comply with the reporting obligations under MiFIR, you shall provide to us on request all and any information that may be required. The Company shall request you to provide, in the format deemed acceptable, the following documents: • for natural persons, depending on the country of residence/ nationality, the identification documentation we shall request from you may be, for example, your CONCAT ID number; • if you are registered as a legal entity, you will be required to provide to us your Legal Entity Identifier (LEI). LEI is a 20-digit, alpha-numeric code developed by the International Organization for Standardization (ISO). 13.5. In case you refuse to provide any of the above-mentioned documents the Company will be forced to refuse you to trade on its platform and at its sole discretion and without notice, shall have the right to: • reject you as a Client, and/or • suspend your Account until your full compliance with the above requirements, and/or • terminate this Agreement with immediate effect. 13.6. It is under your responsibility to repay any losses, claims, damages and expenses that the Company may suffer as a result of your failure to comply with the above requirements.