Holding Restrictions – Investment Funds – Netherlands

19.03.2019

Restrictions on customers

CBL customers domiciled in the Netherlands are not allowed to hold the Netherlands investment funds on the Register market through CBL. It is the responsibility of the customer to ensure compliance with the restriction.

Certain funds may impose other specific restrictions on investor domicile. Customers must refer to and abide by the restrictions (if any) contained in the fund prospectus before entering into transactions.

Restrictions on settlement

There is no general restriction on settlement for the Netherlands investment funds through CBL. However, certain funds may impose specific settlement/transfer restrictions. Customers must refer to and abide by the restrictions (if any) contained in the fund prospectus before entering into transactions.

Disclaimer

The information contained in the Holding Restrictions is based on the legal opinion obtained by CBL that was issued on 16 November 2017. CBL believes the information to be correct as of that date but disclaims any responsibility as to the accuracy and completeness of the information after that date. In the case of discrepancy between the information provided by CBL and the local laws and regulations, the latter shall prevail. The Holding Restrictions do not constitute legal advice and customers should seek advice from independent professional counsel.

Customers are responsible for ensuring compliance with the holding restrictions and agree to indemnify and hold harmless, CBL, for any loss, expense, liability, damage or claims, whether direct or indirect, against or incurred by CBL arising out of or resulting from such non-compliance.