Dubai International Financial Centre Terms - Wealth and Investment Management

 
Wealth and Investment
                         Management

Dubai International
Financial Centre Terms
1.   These Dubai International Financial Centre (“DIFC”) terms apply to wealth and investment management clients of the
     DIFC Branch of Barclays Bank PLC (“Barclays DIFC”). They form an agreement between you and Barclays DIFC (the
     “Agreement”). You will also receive services from Barclays in one or more other locations and you will be provided with
     separate terms for those services. If there is any inconsistency between the provisions of these terms and the separate
     terms, these terms will take precedence in relation to the services provided by Barclays DIFC.
2.   Clients of Barclays DIFC will be able to receive certain investment services directly from Barclays DIFC. Other investment
     or banking services will be provided by one or more Designated Barclays Group Entities (as defined in Part 1, paragraph
     1.3 below).

Part 1 – DIFC General Terms
1.   General
1.1 This Agreement is sent to you in accordance with applicable legislation and rules of the DIFC and the Dubai Financial
    Services Authority (“DFSA”). Barclays Bank PLC is an authorised firm regulated by the DFSA. These terms apply to
    wealth and investment management clients of Barclays DIFC, including where Barclays DIFC acts as an intermediary for
    a member of the Barclays Group designated by you. “Barclays Group” means the Wealth and Investment Management
    Companies, their parent companies and any companies they or their parent companies totally or partly own at any time.
    “Wealth and Investment Management Company” includes each of the companies referred to in the list at Part 3 of
    these terms.
1.2 The DIFC Branch of Barclays Bank PLC is based at The Gate Village, Level 6, Building No. 10, PO Box 506674, Dubai
    International Financial Centre, Dubai, United Arab Emirates (Tel: +971 (0)4 365 2900 / Fax: +971 (0)4 365 2999).
1.3 You appoint Barclays DIFC as an intermediary in respect of your relationship with each designated entity indicated in your
    Application Form with a member of the Barclays Group entered into from time to time (the “Designated Barclays Group
    Entity”). You may appoint us as an intermediary for more than one Designated Barclays Group Entity, for example, where
    you receive services from Barclays in both England and Switzerland. Where this is the case, you will have a separate legal
    relationship with each Designated Barclays Group Entity.
1.4 The terms applicable to your relationship with the Designated Barclays Group Entity will apply to any rights and
    obligations between you and the Designated Barclays Group Entity.
1.5 This Agreement constitutes a client agreement for the purposes of the Conduct of Business Module of the DFSA Rulebook
    (referred to in this Agreement as “COB”) and will come into force when you sign it and return a copy to Barclays DIFC.

2.   Client qualifications
Barclays DIFC can only provide services to you if you qualify as a Professional Client for the purposes of the DFSA rules
(the “DFSA Rules”). If you ask to be treated as a Retail Client for the purposes of the DFSA Rules requiring a higher level of
protection, Barclays DIFC will not be able to provide services to you. By signing this Agreement, you consent to being treated
as a Professional Client.

3.   Authorisation of Barclays Bank PLC in the DIFC
Barclays Bank PLC is regulated by the DFSA to undertake amongst other things the business of Arranging Credit or Deals in
Investments; Advising on Financial Products or Credit; Providing Trust Services and Arranging Custody as defined in the DFSA
Rules and any other services we are permitted to provide that falls within the scope of our licence from the DFSA as set out in
this section. These authorisations may change from time to time.

4.   Amendments to the terms
We may amend the terms of this Agreement at any time. You will be advised of such amendments, and they will be deemed
to have been approved by you if we do not receive an objection to the proposed amendments within 14 calendar days of the
notification.

5.   Time zones / public holidays
5.1 You acknowledge that for all services contemplated by these terms, the working days, public holidays and time zones
    applicable will be the working days, public holidays and time zones applicable in the DIFC. Our usual business hours
    in the DIFC are Sunday to Thursday 9am – 5pm and our offices are not open on a Friday or Saturday or on any public
    holiday in the DIFC.
5.2 We are not obliged to deal with instructions you give us outside our usual business hours or on a day when our offices in the
    DIFC are not open. We will deal with your instructions on the next day that is a working day in the DIFC, however, execution
    of those instructions will be subject to the working days, public holidays and time zones in the location of the Designated
    Barclays Group Entity or other Barclays Group Entity executing the instructions or receiving your request for a transaction.

6.   Applicable law and place of jurisdiction
6.1 The provision of DIFC Services (defined in Part 2 below) will be governed by and construed in accordance with the laws
    of the DIFC. The exclusive place of jurisdiction for any disputes arising out of and/or in connection with this Agreement
    will be the courts of the DIFC.

                                                                                                                                    3
6.2 Please note that the provision of any services by a Designated Barclays Group Entity under this and any other agreement
        which you have entered into for these services will be governed by and construed in accordance with the laws of the
        jurisdiction of the relevant Designated Barclays Group Entity.
    6.3 However, we reserve the right to take legal action against you before the courts of the country in which you are resident
        or before any other competent authority.

    7.   Joint accounts
    On the death (or, as applicable, dissolution) of any one or more joint account holders, this Agreement will not terminate
    and, subject to the mandatory application of applicable laws of succession, we may treat the survivor(s) as the only party
    (or parties) to the Agreement as entitled to the assets and/or any account, provided that we reserve the right to act on the
    instructions of the authorised personal representative of any such person who has died or liquidator on our receiving proof of
    their authority.

    8.   In the event of death
    If you die, mandatory laws of succession will apply.

    9.   How we can contact you
    We will contact you by post, telephone, courier, fax or electronically (being any form of message by any type of telecommunication,
    digital or IT device, including the internet, email and text message), using the details you have given us. We may also provide
    information on our website where we consider it appropriate to do so. We may leave messages for you to contact us on an
    answering machine, or with the person answering the telephone, unless you tell us not to. Unless you tell us not to, we may
    send correspondence by email, in which case we will assume you received it on the next day that is a working day in the
    DIFC. If we send correspondence by post or courier, we will assume it has been received by you (a) not later than four DIFC
    working days after sending, if sent to an address in the UAE; or (b) not later than ten DIFC working days after sending, if sent
    internationally.

    Part 2 – DIFC Service terms
    The terms in this section apply to the services that we provide to you under this Agreement from Barclays DIFC.

    1.   DIFC services
    1.1 We will offer the following services (“DIFC Services”) to you on the terms set out in this Agreement and in this section
        (we will not offer services other than those detailed below or otherwise agreed in writing):
         (a) provision of advice and recommendation on investments, as defined in the DFSA Rules, or arrangements involving
             investments in instruments including, without limitation, shares, stocks, bonds, notes, derivative contracts or other
             similar property;
         (b) acting as an intermediary to provide general day to day support in respect of your relationship with the Designated
             Barclays Group Entity where your account(s) are held (the “Account”), specifically:
              (i)    to accept instructions or orders from you to purchase and sell, without limitation, any securities, commodities,
                     options, currencies or assets or undertake any other investments on your behalf as an intermediary between
                     you and the Designated Barclays Group Entity and to arrange for execution of such instruction or orders
                     by passing on such instructions or orders to the Designated Barclays Group Entity or to third party brokers
                     appointed by the Designated Barclays Group Entity for this purpose for execution; and
              (ii)   to relay any other instructions or orders in relation to the Account;
         (c) provision of research and other information and materials related to investment opportunities which you have
             requested or which we consider may be of interest to you. Where we do provide trading recommendations, market
             research, or other information:
              (i)    this is provided solely to enable you to make your own investment decisions and does not amount to advice;
              (ii)   Barclays DIFC gives no representation, warranty or guarantee as to the accuracy or completeness of such
                     information; and
              (iii) where information is in the form of a document containing a restriction on the person or category of persons
                    for whom that document is intended or to whom it is distributed, you agree not to pass it on contrary to that
                    restriction; and
         (d) such other services as we are authorised to offer to you in or from the DIFC from time to time.
    1.2 The DIFC Services will be undertaken by our employees based in the DIFC. All investments will be held on your behalf
        in the Account and the Designated Barclays Group Entity remains the primary provider of execution, settlement and
        custody services.

    2.   Investment decisions
    2.1 All decisions on whether to invest in, hold or dispose of any asset are your decisions and we will only enter into or arrange
        to enter into transactions as you instruct.

4
2.2 We will not be obliged to review the transactions you have entered into, nor the advice that we have provided to you to
    ensure its ongoing suitability for your circumstances. You should seek advice in the future should your circumstances
    change or if you otherwise require it.
2.3 Before you make investments, we will agree with you, in writing, your investment objectives based on your circumstances
    at that time.
2.4 We are under no obligation to advise you on any investment. Where we agree to advise you, our advice may be subject to
    legal and regulatory restrictions in certain jurisdictions.

3.   Termination of DIFC Services
3.1 The provision of the DIFC Services under this section may be terminated without penalty by either party giving written
    notice to the other party of such termination.
3.2 Notice of termination of this Agreement shall not affect the rights obtained and duties incurred prior to the effective date
    of such termination.
3.3 Any DIFC Services already initiated (e.g. arranging deals in investments) shall not be affected by termination, unless you
    specifically request otherwise in writing together with an undertaking to pay all applicable fees, costs and expenses
    (including any break costs) in this regard. Any outstanding fees, costs and expenses incurred by us at the time of
    termination or resulting from such termination will become due and payable upon termination.

4.   Fees and Charges
Details of the fees and charges payable to the Designated Barclays Group Entity may be found in the tariffs provided by the
Designated Barclays Group Entity. Unless otherwise agreed with you, Barclays DIFC will not charge for its services.

5.   Client complaints
5.1 During your relationship with us, you may wish to make a complaint in respect of Barclays DIFC. For this reason, we have
    procedures for handling your complaints fairly and promptly. If you have a complaint, you may inform your usual contact
    in person, in writing, by email, or by telephone. Alternatively, you may use the general contact details available at www.
    barclays.com/wealth
5.2 We will try to resolve your complaint as quickly as possible and to your complete satisfaction. If we are unable to
    satisfactorily address your complaint, you may be able to refer your complaint to the Dubai Financial Services Authority
    for independent assessment. Should you wish to contact them you can do so in writing:
     Dubai Financial Services Authority
     Level 13 The Gate
     PO Box 75850
     Dubai, UAE
     Website: http://www.dfsa.ae

6.   Our obligations when providing DIFC Services
6.1 We will consider the suitability of investments for you when giving advice or making a recommendation.
6.2 We may assist and advise you on your investment activities, on your request, by supplying you with information including
    details of investment opportunities, markets, companies, prices, currencies etc., as well as making specific investment
    recommendations. Such advice will be based on information and sources deemed reliable by us. The majority of general
    investment recommendations made by us are based on our investment policy and are aimed at clients of the wider
    Barclays Group.
6.3 We will not provide any advice to you regarding tax implications of investments in particular or your tax position in
    general. We recommend you consult a tax specialist regarding such matters.
6.4 Unless we notify you otherwise, our responsibility in relation to any instructions or orders received from you will be
    limited to forwarding such instructions or orders to the Designated Barclays Group Entity with which you have a separate
    relationship governed by the terms applicable to that Designated Barclays Group Entity.
6.5 Where you place an instruction or order that is of your own origination and choosing and not based on any
    recommendation or advice provided by us, it will be at our absolute discretion whether to accept and process such
    instruction or order and in the event such instruction or order is processed, it will be deemed an execution-only
    transaction, meaning that we are not obliged to consider whether the transaction is suitable for you.
6.6 We will only accept instructions or orders from those persons authorised to operate the Account in accordance with the
    Agreement and the terms of the Designated Barclays Group Entity. Where more than one person has been authorised
    to provide instructions or orders on your behalf, we may assume that each such person can exercise such authority
    alone, unless you provide written instructions to the contrary. We will treat an instruction as genuine if we believe in
    good faith that the instruction is from you or your authorised person (for example, because it appears to contain your
    signature or has followed your security procedures or is received from the most recent email address specified by you or
    your authorised person) and there are no circumstances that we are aware of that cast doubt on the person giving the
    instruction. We will take reasonable steps to notify you if we are in doubt as to the authenticity of any instruction.

                                                                                                                                   5
6.7 We are authorised to receive instructions or orders given by you in writing (including e-mail), by telephone (to a recorded
        land line only and excluding mobile phones) and by facsimile.
    6.8 We are under no obligation to pass on instructions or orders by the same medium as they were received.
    6.9 You acknowledge that we will receive instructions or orders from you solely as an intermediary in respect of your
        relationship with the Designated Barclays Group Entity and the receipt of an instruction or order by us will in no way
        prejudice our right, or the right of the Designated Barclays Group Entity, to reject such instruction or order on the basis
        that it is not signed correctly, does not correspond with the rules and regulations of the relevant exchanges, exceeds
        any applicable credit balance of your Account or in any other way is in breach of the terms of your agreement for the
        operation of your Account with the Designated Barclays Group Entity.
    6.10 You will be responsible for monitoring investments in your Account.
    6.11 We are not liable to you for any losses, costs, expenses, damages or liabilities (together, “Losses”) unless directly caused
         by our gross negligence, wilful misconduct or fraud.
    6.12 You further acknowledge and agree that we will not be responsible for any Losses suffered by you as a result of:
          (a) any advice or recommendation given under this section (including, without limitation, any adverse tax
              consequence);
          (b) the receipt and passing on of any instructions or orders in respect of any investment (including, without limitation,
              losses arising from delays, losses, errors, mutilation, duplication or similar occurrences in the transmission or
              transportation of instructions or orders); or
          (c) our:
               (i)    acting in good faith in respect of an instruction or order given or purported to be given by you;
               (ii)   not investigating an instruction or order which we believe to be genuine but which is not;
               (iii) not following an instruction or order where we reasonably believe that if it was followed it would be in breach
                     of a relevant law, regulation or rule;
               (iv) not passing on or giving effect to an instruction or order prior to its actual receipt;
               (v) giving effect to an instruction or order which is revoked after giving rise to binding rights or obligations; or
               (vi) being unable to pass on as requested or, in respect of another member of the Barclays Group, execute, an
                    instruction or order.
    6.13 Nothing in this section nor any advice or recommendation given to you by us nor the acceptance of any instructions or
         orders to undertake investments on your behalf will give rise to any fiduciary or equitable duties on our part which would
         require us or any other member of the Barclays Group to accept responsibilities more extensive than those set out in this
         section or applicable law or regulation.
    6.14 We may apply limits to transactions of certain types or amounts from time to time. We will advise you of these limits, and
         any changes we make to them. Where possible, we will do this before the limits or changes come into effect, but in no
         circumstances shall we or the Designated Barclays Group Entity be liable to you for not doing so.
    6.15 Nothing in this Agreement will exclude or limit any duty or liability:
          (a) we may have to you under applicable regulatory requirements; or
          (b) that applicable law does not allow to be excluded or limited.

    7.    Information and communication authorisation
    7.1   You hereby appoint and designate us to be your contact with the Designated Barclays Group Entity and confirm that,
          for the purposes of this Agreement, the authorisation and acknowledgements are intended to be for the benefit of us,
          the Designated Barclays Group Entity and any other member of the Barclays Group to whom we transfer information
          pursuant to this Agreement.
    7.2 Your authorisation under these terms to us and the Barclays Group to process all relevant data about you (including
        sensitive personal data), does not entitle us to dispose of any funds in the Account, to enter into liabilities on your behalf
        or to make investment decisions for you.
    7.3 You hereby agree to communicate with the Designated Barclays Group Entity primarily through us. You authorise us
        to forward messages and orders/instructions (including verbal orders/instructions and orders/instructions given by
        telephone) addressed to the Designated Barclays Group Entity. You agree that the Designated Barclays Group Entity may
        also send its messages addressed to you through us.

    8.    Relationship with the Designated Barclays Group Entity
    8.1 By signing this Agreement, you have appointed Barclays DIFC as your intermediary in respect of your relationship with the
        relevant Designated Barclays Group Entity. Accordingly, the DIFC Services, including advisory services, will be provided to
        you by Barclays DIFC pursuant to this Agreement, and, unless otherwise notified to or agreed with you, the Designated

6
Barclays Group Entity shall not provide you with intermediary or advisory services. The Designated Barclays Group Entity
     may provide you with execution and custody services, and/or, to the extent applicable, investment advisory and/or
     discretionary investment management services and such services will be provided to you pursuant to legal terms you
     separately execute with the Designated Barclays Group Entity.
8.2 Barclays DIFC and/or its representatives are not agents or representatives of the Designated Barclays Group Entity unless
    we notify you otherwise in relation to a specific product or service.
8.3 Barclays DIFC is not liable for the acts or omissions of the Designated Barclays Group Entity and the Designated Barclays
    Group Entity is not liable for the acts or omissions of Barclays DIFC.

9.   Disclosure of your information
9.1 Further details on how we use your personal information are available in the full privacy notice on our website barclays.
    com/wealth or in hard copy from your usual contact.
9.2 You acknowledge and agree that for the purposes of our, or the Barclays Group’s, administration and management
    of its business, its relationship with you and the performance of this Agreement, adherence to both internal policy
    and external legal and regulatory obligations, compliance with our or the Barclays Group’s anti money laundering
    requirements, regulatory reporting requirements and any other purpose set out in any privacy notice applying at the
    time your information is collected, we may collect, use, store, disclose to third parties or otherwise process your personal
    information, including Personal Data and Sensitive Personal Data within the meaning given to the terms in the DIFC Data
    Protection Law 2007, financial information obtained by us in connection with the performance of this Agreement, the
    Account and dealings between you, us and other members of the Barclays Group, whether that information concerns
    you, relevant beneficial owners or your acquaintances collectively, “Information”, obtained from you or third parties,
    including credit reference and fraud prevention agencies. You agree that, where necessary, you have obtained the
    consent of your beneficial owners or acquaintances referred to in the Information to the collection, use, storage and
    disclosure of information relating to them in the manner described in this paragraph and you further agree that we are
    not responsible or accountable for the consequences of any occasion where such consent has failed to be obtained.
9.3 You acknowledge and agree that we may transfer such Information to Barclays Group companies and third parties
    located anywhere in the world in order, for example and without limitation, to facilitate the execution of your requests,
    to provide services to you, to manage your relationship with the Barclays Group or otherwise for the reasons, and in
    accordance with the procedures set out on our website. This is provided that we are satisfied that (i) an adequate level
    of protection for your Personal Data is ensured by laws and regulations in the recipient jurisdiction; or (ii) adequate
    safeguards have been put in place by us to ensure the security of your Personal Data.
9.4 We may also wish to use your Information for the Barclays Group’s legitimate marketing purposes and you consent to our
    disclosing your Information to other members of the Barclays Group for these purposes and to us using your Information
    to contact you to tell you about products and services of the Barclays Group or others. You may tell us if you do not want
    these marketing communications from us by informing your usual contact.
9.5 We will transmit your Information as permitted by this Agreement by means of mail, facsimile, phone, electronic means
    or otherwise. Electronic means includes email and the use of our and the Barclays Group’s own and third party networks.
    You also authorise us and the Designated Barclays Group Entity to grant each other electronic access through such
    networks to your Information stored in the Barclays Group’s networks.
9.6 You agree that Barclays DIFC may record telephone discussions (including instructions or orders) with you or any third
    parties including your representatives and that such recordings will be kept by, and be the sole property of, Barclays DIFC.
    Such recordings may be made available to regulatory authorities, if requested, and may be used by Barclays DIFC in any
    legal dispute.
9.7 You can ask for a copy of the Information we hold about you by writing to us. A fee may be charged for this service, as
    permitted by appropriate law or regulation.

10. FATCA
10.1 If you, any person with whom you have a joint account, or any of your owners or interest holders are subject to tax or
     reporting in another country (or we have reason to believe or are required to presume that this might be the case), we,
     and other companies in the Barclays Group, may be required by legislation, regulation, intergovernmental agreement or
     agreement with tax authorities in that country (such as a Foreign Financial Institution Agreement with the IRS created
     under United States FATCA legislation) to report on an ongoing basis certain information about you and your Account
     on an individual or aggregate basis: (i) to a relevant tax authority, which may then pass that information to the tax
     authorities where you are subject to tax; or (ii) directly to the tax authorities in that country (such as the United States).
     If you are not an individual, we may also have to report information about your direct and indirect shareholders or other
     owners or interest holders and, if you are a trust, your beneficiaries, settlors or trustees (together, your “Associated
     Persons”).
10.2 To comply with our obligations under FATCA (as defined below), we may need to review certain information we hold
     about you or your Associated Persons or additional documents we obtain from you or your Associated Persons, such as
     certifications about your identity, tax residence, nationality and status. We may centralise this review process in another
     country and we may also use carefully selected agents or sub-contractors that have adequate protections for keeping
     your information secure and operate under a strict duty of confidentiality to us.

                                                                                                                                      7
10.3 You agree and consent to the processing, use and maintenance by us, any Barclays Group company or our agents or
         sub-contractors of any authorisations, waivers, forms, documentation and other information relating to your status under
         FATCA and that of any of your Associated Persons (if applicable) (the “FATCA Information”) and the disclosure, transfer
         and reporting of such FATCA Information to any relevant tax authority, any delegate or other person making payments
         to you (together, a “Recipient”), to the extent that we or any Barclays Group company reasonably determine that such
         processing, use, maintenance, disclosure, transfer or reporting is necessary or helpful to facilitate compliance with FATCA
         by you, us, any Barclays Group company, any delegate or other person making payments to you.
    10.4 You agree that we or any Barclays Group company may transfer any FATCA Information to a Recipient where such
         Recipient’s place of business may be in a jurisdiction outside of your or your Associated Person’s jurisdiction of residence
         or place of business or outside of the jurisdiction in which the FATCA Information may be collected, stored or processed.
         You agree that, where necessary, you have obtained the consent of your Associated Persons, third parties, employees,
         directors, officers, owners and any other individuals referred to in the FATCA Information as applicable to the processing,
         use, maintenance, disclosure, transfer and reporting of any such FATCA Information and for the purposes for which the
         information will be processed and that we are not responsible or accountable for the consequences of any occasion
         where such consent has failed to be obtained.
    10.5 You agree and consent to, and waive any rights to limit or prevent, the disclosure to tax authorities under applicable
         data protection, privacy or similar laws or regulations in respect of the FATCA Information we report to comply with our
         obligations under applicable laws and agreements with tax authorities.
    10.6 If you do not provide us with information or documents we need or do not provide a waiver of confidentiality rights where
         needed, we may (i) end our contractual or other relationship with you by giving you written notice; and / or (ii) transfer
         the relationship to an affiliate of Barclays in another jurisdiction (and, for the avoidance of doubt, you shall be deemed to
         have given consent to any such transfer).
    10.7 To the greatest extent permitted by applicable law, we will not be liable to you for any loss you may suffer as a result
         of our complying with legislation or agreements with tax authorities in accordance with this paragraph 10 of Part 2
         unless that loss is caused by our wilful default of this paragraph 10 of Part 2 or fraud. Your agreement and consent
         given pursuant to this paragraph 10 of Part 2 will override any inconsistent term or consent provided by you under any
         agreement with us to the extent it provides fewer or lesser rights for us whether before, on or after the date of this
         Agreement.
    For the purposes of this paragraph 10:

    “FATCA” means:
         (a) sections 1471 to 1474 of the United States Internal Revenue Code or any associated regulation, instruction or other
             official guidance, as amended from time to time;
         (b) any treaty, law, regulation, instruction or other official guidance enacted or amended in any other jurisdiction, or
             relating to an intergovernmental agreement between the United States and any other jurisdiction, which (in either
             case) facilitates the implementation of paragraph (a) above;
         (c) any agreement pursuant to the implementation of paragraphs (a) or (b) above with the United States Internal
             Revenue Service, the United States government or any governmental or taxation authority in any other jurisdiction; or
         (d) any treaty, law, regulation, instruction or other official guidance analogous to paragraphs (a), (b) or (c) enacted or
             amended in any other jurisdiction from time to time, and any agreement pursuant to the implementation of any
             such treaty, law, regulation, instruction or other official guidance with any governmental or taxation authority in any
             jurisdiction, including, without limitation, any governmental or intergovernmental agreement for the cross-border
             exchange of tax information applicable in any jurisdiction, the EU Savings Directive (Council Directive 2003/48/EC)
             and any multilateral tax information exchange.
    “FATCA Information” includes without limitation your Personal Data (as defined in the DIFC Data Protection Law 2007), your
    Account number(s), the amount of payments including interest paid or credited to your Account, the balance(s) or value(s) of
    your Account, your name, address, country of residence and your social security number / taxpayer identification number or
    similar (if applicable), information about your Associated Persons (where you are not an individual).

    11. Soft Dollar Agreements
    If we, or any member of the Barclays Group, decide to enter into any agreement whereby we, or they, receive goods or
    services in return for investment business put through another person (a “Soft Dollar Agreement”) that is relevant to the
    DIFC Services to be provided to you, we will disclose to you, by circular, letter or in any other appropriate way, the existence
    of such Soft Dollar Agreement and our policy in relation to such Soft Dollar Agreement.

8
Part 3 – Wealth and Investment Management Companies
All companies are registered in England, registered office 1 Churchill Place, London E14 5HP, unless otherwise specified.
Barclays offers wealth and investment management products and services to its clients through Barclays Bank PLC and its
subsidiary companies.
Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation Authority. Registered No. 1026167. Registered Office:
1 Churchill Place, London E14 5HP. Barclays Bank PLC, Isle of Man Branch is licensed by the Isle of Man Financial Supervision
Commission. Barclays Bank PLC, Isle of Man Branch has its principal business address in the Isle of Man at Barclays House,
Victoria Street, Douglas, Isle of Man, IM99 1AJ. Barclays Bank PLC is regulated by the Jersey Financial Services Commission.
Barclays Bank PLC, Jersey Branch has its principal business address in Jersey at 13 Library Place, St. Helier, Jersey JE4 8NE,
Channel Islands. Barclays Bank PLC, Guernsey Branch is licensed under the Banking Supervision (Bailiwick of Guernsey)
Law 1994, as amended, and the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended. Barclays Bank PLC,
Guernsey Branch has its principal address in Guernsey at Le Marchant House, St Peter Port, Guernsey, GY1 3BE. Barclays
Bank PLC is authorised by the Gibraltar Financial Services Commission to conduct banking and investment business in
Gibraltar. Barclays Bank PLC is regulated by the Central Bank of Cyprus in the conduct of its banking and investment business
in Cyprus. Barclays Bank PLC Singapore Branch is a licensed bank in Singapore and is regulated by the Monetary Authority of
Singapore. Registered Address: One Raffles Quay, Level 28, South Tower, Singapore 048583. Barclays Bank PLC Hong Kong
Branch is registered with the Hong Kong Securities and Futures Commission (CE No. AAJ160) and is authorised and regulated
by the Hong Kong Monetary Authority. Main business address in Hong Kong: 41/F Cheung Kong Center, 2 Queen’s Road
Central, Hong Kong.
Barclays Bank Ireland PLC is regulated by the Central Bank of Ireland. Registered in Ireland. Registered Office: Two Park
Place, Hatch Street, Dublin 2. Registered Number: 396330. In the provision of certain corporate and investment banking, and
wealth products, Barclays Bank Ireland PLC acts as agent for Barclays Bank PLC.
Barclays Bank (Suisse) SA is a Bank registered in Switzerland and regulated and supervised by FINMA. Registered No.
CH-660.0.118.986-6. Registered Office: Chemin de Grange-Canal 18-20, P.O. Box 3941, 1211 Geneva 3, Switzerland. Registered
branch: Beethovenstrasse 19, P.O. Box, 8027 Zurich. Registered VAT No. CHE-106.002.386.
Barclays Bank Trust Company Limited (Registered No. 920880) is a subsidiary of Barclays Bank PLC (Registered No.
1026167). Barclays Bank Trust Company Limited is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority.
Barclays Trust Company (Jersey) Limited, part of Barclays, is registered in Jersey. Registered Number: 6056. Registered
Office: 39-41 Broad Street, St. Helier, Jersey JE4 8PU, Channel Islands. Barclays Trust Company (Jersey) Limited is regulated by
the Jersey Financial Services Commission.
Barclays Trust Company (Isle of Man) Limited is registered in the Isle of Man and licensed by the Isle of Man Financial
Supervision Commission. Registered Number: 012182V Registered Office: 3rd Floor, Barclays House, Victoria Street, Douglas,
Isle of Man, IM1 2LE.
Barclays Private Clients International Limited, part of Barclays, is registered in the Isle of Man. Registered Number: 005619C.
Registered Office: Barclays House, Victoria Street, Douglas, Isle of Man, IM99 1AJ. Barclays Private Clients International
Limited is licensed by the Isle of Man Financial Supervision Commission, registered with the Insurance and Pensions Authority
in respect of General Business, and authorised and regulated by the Financial Conduct Authority in the UK in relation to UK
regulated mortgage activities. Barclays Private Clients International Limited, Jersey Branch is regulated by the Jersey Financial
Services Commission. Barclays Private Clients International Limited, Jersey Branch has its principal business address in Jersey
at 13 Library Place, St. Helier, Jersey JE4 8NE, Channel Islands. Barclays Private Clients International Limited, Jersey Branch is
regulated by the Guernsey Financial Services Commission under the Protection of Investors (Bailiwick of Guernsey) Law 1987
as amended. Barclays Private Clients International Limited, Guernsey Branch is licensed by the Guernsey Financial Services
Commission under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended, and the Protection of Investors
(Bailiwick of Guernsey) Law 1987, as amended. Barclays Private Clients International Limited, Guernsey Branch has its
principal place of business at Le Marchant House, St Peter Port, Guernsey, Channel Islands, GY1 3BE.
Gerrard Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member
of the London Stock Exchange. Registered in England. Registered No: 2752982. Registered Office: 1 Churchill Place, London
E14 5HP. Registered VAT No. GB243852262.

                                                                                                                                     9
Part 4 – Client qualifications
     For the purposes of your classification as a Professional Client under the DFSA Rules you confirm that you are (please tick the
     appropriate classification):
     An individual who:
          (i)    has net assets of at least USD500,000; AND
          (ii)   has sufficient financial experience and understanding of relevant financial markets, products or transactions and any
                 associated risks
     OR
          (i)    is or has been in the previous two (2) years:
                 (a) an employee of Barclays Bank PLC DIFC Branch; or
                 (b) an employee in a professional position in another Authorised Firm in the DIFC; AND
          (ii)   has sufficient financial experience and understanding of relevant financial markets, products or transactions and any
                 associated risks

     An Undertaking:
          (i)    that has net assets of at least USD500,000; AND
          (ii)   whose persons responsible for the investment decisions have sufficient financial experience and understanding of
                 relevant financial markets, products or transactions and any associated risks;
          A Personal Investment Vehicle or the trustee of such a vehicle if it is established and operated for the sole purpose
          of providing a vehicle to facilitate efficient management of a Professional Client’s investment portfolio. The Personal
          Investment Vehicle must be a:
          a)     body corporate;
          b)     partnership;
          c)     trust; or
          d)     foundation;
          AND must meet the following:
          (i)    have net assets or share capital of at least USD500,000; and
          (ii)   the persons responsible for the investment decisions of the Personal Investment Vehicle, have sufficient financial
                 experience and understanding of relevant financial markets, products or transactions and any associated risks;
          A Collective Investment Fund or a regulated Pension Fund; or
          An Authorised Firm, a Regulated Financial Institution or the management company of a regulated Pension Fund; or
          A properly constituted government, government agency, central bank or other national monetary authority of any country
          or jurisdiction; or
          A public authority or state investment body; or
          A supranational organisation whose members are either countries, central banks or national monetary authorities; or
          An Authorised Market Institution, regulated exchange or regulated clearing house; or
          A Body Corporate whose shares are listed or admitted to trading on any regulated exchange of an IOSCO member
          country; or
          A Body Corporate which has called up share capital of at least $10,000,000; or
          Any other institutional investor whose main activity is to invest in financial instruments, including an entity dedicated to
          the securitisation of assets or other financial transactions.

10
Part 5 – Declarations and signatures
I confirm and declare that:
•      This declaration is binding on me, OR this declaration is binding in every respect on my principal and I undertake to
       ensure that my principal is fully aware of the nature and content of the declaration being made on its behalf;
•      This agreement is entered into in the name of the client who is acting as principal and not as agent on behalf of a third
       party;
•      The particulars provided by me to Barclays DIFC are accurate, correct, true and complete as at the date of signature of
       this document;
•      Barclays DIFC may obtain information from any source or may contact any person or entity nominated in this document
       as a reference in order to verify the accuracy and correctness of the particulars and information provided;
•      I am aware that such particulars and information will be relied on by Barclays DIFC in making its decision as to whether I
       qualify as a Professional Client or not;
•      I acknowledge that Barclays DIFC has full discretion to approve or decline my application;
•      I undertake to notify Barclays DIFC in writing at any time of any changes in any of the particulars or information provided
       by me under this Agreement, and to further provide Barclays DIFC with any information or documents it may request
       from time to time;
•      I understand that the DFSA and DIFC may require Barclays DIFC to provide them with information from time to time, in
       particular data and records pursuant to the Federal Law No 4 of 2002 (Criminalisation of Money Laundering) and the
       requirements of the Regulatory Law and the AML module of the DFSA’s Rulebook; and
•      I have read and fully understand these terms and conditions under which Barclays DIFC is willing to carry out its services.

Client name                                                         Client address

Client telephone

Client e-mail

Place

Date                     D    D / M     M / Y       Y    Y    Y     Post Code

Signature 1                                                         Signature 2

Signature 3                                                         Signature 4

                                                                                                                                     11
Barclays offers wealth and investment management products and services to its clients through Barclays Bank PLC and its subsidiary companies. Barclays Bank PLC is registered in
England and authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered No. 1026167.
Registered Office: 1 Churchill Place, London E14 5HP. Barclays Bank PLC in the Dubai International Financial Centre (Registered No. 0060) is regulated by the Dubai Financial Services
Authority. Barclays Bank PLC DIFC Branch may only undertake the financial services activities that fall within the scope of its existing DFSA licence. Principal place of business: Wealth and
investment management, Dubai International Financial Centre, The Gate Village Building No. 10, Level 6, PO Box 506674, Dubai, UAE. This information has been distributed by Barclays
Bank PLC DIFC Branch. Related financial products or services are only available to Professional Clients as defined by the DFSA.

A copy of these terms can also be accessed at barclays.com/wealth

                                                                                                                                                                 DIFC: IBIM1062. March 2015
You can also read
NEXT SLIDES ... Cancel