Common use of REPORTING TO THE CLIENT Clause in Contracts

REPORTING TO THE CLIENT. 1. Following the execution of an order for the Client’s account, the Bank performs the following actions in relation to the order, unless otherwise provided for in the relevant legal and regulatory framework: (a) The Bank shall immediately provide to the Client and via a durable medium all key information regarding the execution of the order, (b) it addresses a notice for the purposes of confirming the execution of the Client’s order, as soon as possible, and, at the latest, the first business day following the execution of the order, or following receipt of confirmation dispatched by a third party in the event that the Bank receives confirmation by a third party. The Bank also provides the Client with information related to the Client’s order status, following a relevant request. 2. The Bank shall not send notice under 1(b) to confirm the execution of an order if a third party (who forwarded the Client’s order) sends confirmation containing the same information to the Client. In the event of a Client’s order for shares or units of an undertaking for collective investments executed on a periodical basis, alternative channels can be used for updating the Client, as provided for by law. 3. The Bank shall send to the Client, on a quarterly basis, a statement of the Client’s financial instruments that it holds, including the necessary information, as provided for by law, unless such statement has already been provided to the Client through another periodic statement or if the Bank provides to the Client access to an online application which is considered a stable medium and through which the Client may access the updated statements of the Client’s financial instruments, as further specified in the relevant legislation. 4. In the event that the Client does not receive the notices as above or disagrees with their content, the Client should notify the Bank accordingly in writing, within fifteen (15) days. Otherwise, the Client is not entitled to raise any claim or objection against the Bank in this respect. 5. The present section is updated as per the provisions of Annex 1(C) hereof.

REPORTING TO THE CLIENT. 1. Following the execution of an order for the Client’s account, the Bank performs the following actions in relation to the order, unless otherwise provided for in the relevant legal and regulatory framework: (a) The Bank shall immediately provide to the Client and via a durable medium all key information regarding the execution of the order, (b) it addresses a notice for the purposes of confirming the execution of the Client’s order, as soon as possible, and, at the latest, the first business day following the execution of the order, or following receipt of confirmation dispatched by a third party in the event that the Bank receives confirmation by a third party. The Bank also provides the Client with information related to the Client’s order status, following a relevant request. 2. The Bank shall not send notice under 1(b) to confirm the execution of an order if a third party (who forwarded the Client’s order) sends confirmation containing the same information to the Client. In the event of a Client’s order for shares or units of an undertaking for collective investments executed on a periodical basis, alternative channels can be used for updating the Client, as provided for by law. 3. The Bank shall send to the Client, on a quarterly basis, a statement of the Client’s financial instruments that it holds, including the necessary information, as provided for by law, unless such statement has already been provided to the Client through another periodic statement or if the Bank provides to the Client access to an online application which is considered a stable medium and through which the Client may access the updated statements of the Client’s financial instruments, as further specified in the relevant legislation. 4. In the event that the Client does not receive the notices as above or disagrees with their content, the Client should undertakes to notify the Bank accordingly in writing, writing within fifteen (15) 15 days. Otherwise, the Client is not entitled to raise any claim or objection against the Bank in this respect. 5. The present section is updated as per the provisions of Annex 1(C) hereof.