Common use of INFORMATION AND PRIVACY Clause in Contracts

INFORMATION AND PRIVACY. 10.1 The Client shall provide the First Party with the forms (applications) approved by the First Party for the purposes of identifying the Client and opening trading accounts, so that they are duly signed by the Client; the Client further acknowledges that all the information provided by them is true, identical and real and that they did not hide any events and/or facts that would affect the First Party’s decision to open the account and that they shall perform all their obligations accurately, sincerely and in good faith; however, and in the event of a breach of this, the Client shall be liable for any damages that may be caused to the Company; the Client undertakes to notify the Company in writing of any change in any of the aforementioned information. 10.2 The Client certifies that he/she is not a parent (mother/father), child (daughter/son), spouse (husband/wife), grandparent (grandmother/grandfather) or siblings (brother/sister) of INGOT Financial Brokerage Ltd.’s employees. INGOT Financial Brokerage Ltd.’s employees hearby means the workers at the Company according to the Jordanian Labor Law definition, who are on their duty and their employment contracts are not terminated at the time of signing this Agreement. 10.3 The Client agrees at any time to provide the information that the First Party may request in order to comply, and the Client also undertakes to disclose any changes or updates to such information; the Client shall complete the account opening procedures, which include all information and documents, taking into account compliance with the law and instructions for combating money laundering and terrorist financing. 10.4 The Company acknowledges that the information provided by the Client shall be considered confidential and the Company shall maintain the value of this information so that it will not be used to serve the interests of any person(s) other than the Client, except for cases permitted by law.