Common use of Margin Requirements 48 Clause in Contracts

Margin Requirements 48. 1. General provisions 1.1. By opening and validating your trading account on the Platform, you enter into this Agreement with us, which is effective for you immediately thereafter, and you expressly agree to its terms contained herein and to the Company's Terms and Conditions provided together with The contract, as well as the conditions contained in the following documents: “Terms of Use of the Website", "Privacy Policy", "Information for Clients on Anti-Money Laundering Procedures", "Execution of Orders in the Best Interests of the Client Policy", "Conflict of Interest Policy", " Privacy Policy", "Risk Disclosure Statement and Client Warning", "Customer Best Interest Execution Policy", "Complaint Management Policy", "Investor Compensation Fund Information", "Customer Categorization Policy", "Tariff" and "General Terms and Conditions for Promotions" (if currently applicable) found on Our Website - all of which generally govern the trading and legal relationship between us and you. The documents in the first sentence have been prepared in accordance with the Law of MFI, Delegated Regulation (EU) 2017/565 and Ordinance No. 38 on the requirements for investment intermediaries and contain the necessary information that we, as an investment intermediary, must provide to our clients, in accordance with the requirements of the Law. The Agreement and related documents referred to herein shall be deemed, by virtue of this provision, to be one single document provided to You on a durable medium and publicly available on Our website. It is your duty and responsibility to read, understand and download/save it before opening and verifying your trading account. 1.2. You are informed of your right to receive any change from our information on paper, but you agree, if you do not specifically request that this information (including information about in the documents under item 1.1.) be provided electronically to the personal email address you have indicated. For changes to the General Terms and Conditions you will have to monitor yourself during your visits to Our Website, in case you do not accept the changes that we have made, you can stop using Our Website and/or terminate the Agreement in accordance with item 29.1 below. 1.3. The Client confirms and consents that before entering into an agreement with the Company as specified above, has read and understood the Risk Disclosure Statement and Warning Notice as well as the Personal Data the Company collects and the purposes it is collected and the Key Information Documents (KIDs) which explain the instruments, their risks levels and other essential specifics that the Client must know before engaging into any kind of trading activity with risky products such as CFDs. 1.4. If you decide to download our software to use the trading demonstration then your obligations hereunder contained within this Client Agreement (to the extent relevancy), apply to you as well even if you do not become our Client after all. 1.5. This Agreement, together with the documents referred to in item 1.1., which may accordingly be periodically amended unilaterally by us, determine the rules according to which we will offer you our services, and in addition they include important information which, as a licensed Bulgarian investment intermediary is required to provide each customer. For this reason, you should carefully read everything listed in item 1.1. documents, which you should therefore regard as an integral part of the Contract, as well as all other letters and notices sent by us to you and ensure that you understand them well. 1.6. The Company is authorised and regulated by the Bulgarian Financial Supervision Commission (“FSC”) as a Bulgarian Investment Firm, with License № РГ-03-110, to offer certain investment and ancillary services and activities in relation to certain financial instruments. 1.7. The Company operates under the Markets in Financial Instruments Act and Ordinance 38 of FSC. 1.8. This Agreement is subject to the Distance Marketing of Financial Services Act which transposes Directive 2002/65/EC and any subsequent amendments, according to which the Agreement does not require signature and has the same legal effect as the regularly concluded agreement. The company is registered in Bulgaria under the Commercial Law with registration number UIC: 121527003. The address of registration is Republic of ▇▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇. Vaptsarov Blvd. 1.9. The Agreement overrides any other agreements, arrangements, express or implied statements made by the Company or any Tied Agents. 1.10. The meaning of certain more specific and/or recurring terms in the Agreement is set out in clause 40 below. 1.11. This Agreement shall be binding upon and inure to the benefit of the parties hereto and any of their successors and assigns. 1.12. The contract is concluded at a distance by exchanging electronic statements signed with an electronic signature according to item 13 of The Law on Electronic Document and Electronic Signature. 1.13. To avoid doubt, once you register as a user of the Trading Platform, you also agree to be bound by this Agreement, which will continue to be binding on you after it becomes effective for us, subject to clause 6.4. Therefore, we recommend that you read this Agreement carefully, as well as any other notices, emails or documents that we send you. 1.14. Provided that you fulfil your obligations under the Agreement, we may enter into transactions with you with CFDs on securities, currencies, indices, commodities, base and precious metals, etc. We will enter into all transactions contemplated by the Agreement as the holder and not as Your agent. We will treat you as our Client and you agree to enter into contractual relationships for all transactions as the principal and not as an agent of another person. 1.15. If you are a person with whom we do not meet in person to enter into this Contract and instead our communication takes place via a website, by telephone or by written correspondence (including e-mail), then the conditions for signing a contract at a distance apply, at - often by exchanging electronic statements signed with an electronic signature according to Art. 13 of the Law on the Electronic Document and Electronic Signature or through another form without the presence of the Client according to the current General Terms and Conditions of the Company and in accordance with the requirements of the current legislation. Physical signing of the Agreement is not mandatory, but if you wish to have it signed, you may print and sign two copies of the Agreement and return them to us. We will keep one copy for our records and return the other, signed by us, to you. 1.16. The contract enters into force for us under the conditions of item 6.4.