Regulatory Compliance Statement / Terms of Business

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Regulatory Compliance Statement (the “Statement”)

                            1.      Disclosure of Information
                                    Standard Chartered PLC and its Affiliates (the "Group", "we", "us" or "our", and each a "Bank Member") need to collect,
                                    use, analyse, share and process Client Information to: (i) operate effectively, efficiently and securely in facilitating
                                    transactions and providing products and services to you; (ii) improve our processes and operations by better understanding
                                    you and your business; and (iii) comply with Laws and requests from Authorities.
                                    In accordance with the above, we will keep Client Information confidential, except that we may disclose such Client
                                    Information, subject to applicable Laws in the jurisdiction(s) where you have a relationship with us: (i) to any Bank Member,
                                    including their agents; (ii) to any Bank Member’s professional advisors, insurers, insurance brokers, partners, market
                                    infrastructure providers or service providers (such as operational, administrative, data processing and technology service
                                    providers), including anyone engaged or partnered with to analyse and facilitate improvements or enhancements in the
                                    Group’s operations or provision of products and services across multiple jurisdictions, who are under a duty of
                                    confidentiality; or (iii) as required by Law or requested by any Authority.
                                    "Affiliate" means, in relation to a company, any of its subsidiaries, holding companies or any other subsidiary of any such
                                    holding company and (where applicable) any representative and branch office in any jurisdiction.
                                    "Authority" means, government, quasi-government, administrative, regulatory or supervisory body or authority or court or
                                    tribunal having jurisdiction over any Bank Member whether within or outside your jurisdiction and whether or not that Bank
                                    Member has a relationship with you.
                                    "Client Information" means information provided by or relating to you that we receive in the course of our banking
                                    relationship with you.
                                    "Law" means any law, regulation, rule, directive, order, request, guideline, sanction, embargo and restriction of or
                                    agreement with any Authority.


                            2.      Privacy
                                    Client Information may include Personal Data of your Data Subjects. You are responsible for ensuring that the collection
                                    and provision of Personal Data you provide to us is conducted in accordance with applicable Laws.
                                    Our Privacy Notice (www.sc.com/en/privacy-policy) outlines how the Group processes Personal Data. You will ensure that
                                    your Data Subjects are aware of our Privacy Notice and that they acknowledge, or (where required) agree, to the processing
                                    and sharing of their Personal Data as described in the Privacy Notice.
                                    "Data Subject" means an individual whose Personal Data we receive in the course of our banking relationship with you,
                                    including your direct and indirect beneficial owners, directors, officers, employees, agents and authorised persons.
                                    "Personal Data" means data that, by itself or together with other information, identifies, or is otherwise about, an individual.


                            3.      Compliance with Laws
                                    The Group is committed to complying with Laws (including those related to environmental, social and corporate governance
                                    issues, financial crime compliance, anti-money laundering and anti-bribery and corruption) in all jurisdictions in which the
                                    Group operates and the Group will not be obliged to do anything if by doing so it would or might cause the Group to breach
                                    any applicable Law.
                                    As the Group’s ability to comply with Laws is directly linked to the conduct of our clients, we require you to comply with all
                                    applicable Laws, and conduct your business in a manner which will not place yourself or the Group in breach of all
                                    applicable Laws.
                                    If you become aware of any breach, or any action, investigation or proceeding brought against you or your subsidiaries
                                    with respect to any breach of any applicable Law in connection with our provision of products and services to you or matter
                                    set out in this Statement, you will notify us promptly (unless prohibited by Law to do so).


                            4.      Sanctions
                                    The Group is obliged to comply with sanctions Laws ("Sanctions"). Any breach of Sanctions may have a serious impact
                                    on our reputation, franchise, regulatory relationships and could impair the Group’s ability to provide products and services
                                    to and enter into transactions with clients.
                                    As the Group’s ability to comply with Sanctions is directly linked to the conduct of our clients, you confirm and will ensure
                                    that (i) you and your subsidiaries are not targets or the subject of Sanctions; and (ii) no product, service or transaction (or
                                    proceeds of the same) involving a Bank Member has or will be utilised for the benefit of any person that is a target or
                                    subject of Sanctions or in any manner that would result in you or your subsidiaries or any Bank Member being in breach of
                                    any applicable Sanctions or becoming a target or subject of Sanctions. We reserve the right to not provide any product or
                                    service or process any transaction if by doing so it may cause us to breach the Group’s Sanctions policy.
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                            5.      Tax Information Compliance
                                    The Group has obligations under various tax information reporting Laws (such as the Foreign Account Tax Compliance
                                    Act) to collect information from our clients, report information to Authorities and withhold tax from payments to clients in
                                    certain circumstances.
                                    We may require you or your Data Subjects to provide documents and information for the purposes of establishing your tax
                                    status and that of your Data Subjects. You will promptly inform us of any changes to such documents and information or
                                    change in circumstances that may indicate a change in your tax status or that of your Data Subjects.
                                    If you or your Data Subjects do not provide documents or information when we request it, we may make our own decision
                                    about your tax status and treat you accordingly.
                                    We may be required to withhold taxes from payments made to you for onward remittance to applicable Authorities.


                            6.      Client Classification
                                    From time to time, we may request and obtain information from you and/or third-party or public sources, to determine your
                                    regulatory classifications (or that of the funds that you manage) under applicable Laws. These classifications will be notified
                                    to you and used by us to comply with our obligations including reporting, business conduct, margin and collateral, and other
                                    requirements under applicable Laws.
                                    You will inform us immediately and in any event prior to entering into any transaction with us if any regulatory classification
                                    that we have previously notified you of or information (including contact details) that we have about you and/or the funds
                                    that you manage is known by you to be inaccurate or incomplete. Unless we receive notification otherwise, you shall be
                                    deemed to have (i) confirmed such regulatory classifications and that the information that we have about you and/or the
                                    funds that you manage is complete and accurate; and (ii) agreed and consented to the Group reporting your derivative
                                    transactions with us to any Authority (including trade repository(ies)).


                            7.      Provision of Information
                                    You agree to (or will procure that your Affiliates and Data Subjects) provide such documents and information as we may
                                    reasonably request in relation to matters covered by this Statement. You will promptly inform us of any changes to
                                    documents and information provided to us so that they are up to date, accurate and complete.


                            8.      Sustainability
                                    We maintain various position statements on sustainability (www.sc.com/en/sustainability/position-statements) which form
                                    part of our environmental and social risk management framework (www.sc.com/en/sustainability/position-statements/our-
                                    framework). All products and services will be provided by the Group in accordance with these position statements. To
                                    address any concerns raised about an actual or potential adverse environmental or social impact in connection with
                                    financial services provided by the Group, we may disclose to others the fact that you have or had a relationship with us.
                                    We will endeavour to notify you in advance of such disclosure where legally permitted to do so.


                            9.      Resolution
                                    We are subject to Laws that provide certain Authorities with tools designed to allow them to manage a financial institution’s
                                    failure in an orderly manner. If you have a relationship with Standard Chartered Bank or any of its branches, then the
                                    Regulatory Compliance Statement – Schedule: UK Contractual Recognition of Bail-in and Stays (www.sc.com/en/rcs) may
                                    be applicable.


                            10.     Termination and Suspension
                                    We may suspend a transaction or s