Vault - Legal
  • Terms & Conditions
    • 1. Appointment
    • 2. Our standard of care
    • 3. Client categorisation
    • 4. Service Overview & Account Handling
    • 5. Scope of our advice
    • 6. Your personal circumstances
    • 7. Maintaining the balance of your Recommended Allocation
    • 8. Instructions to Vault and Power of Attorney
    • 9. Your obligations
    • 10. Instructions and communication
    • 11. Delegation and use of third parties
    • 12. Lending, borrowing and underwriting
    • 13. Valuations and Reporting
    • 14. Dealing and counterparties
    • 15. Potential conflicts of interest and disclosures
    • 16. Fees and Charges
    • 17. Currency Conversion
    • 18. Referrals
    • 19. Taxation
    • 20. Liability
    • 21. Complaints
    • 22. Termination & Vault Account Suspension
    • 23. Consequences of Termination
    • 24. Inurement and Estate
    • 25. Confidentiality
    • 26. Data Protection
    • 27. Recording
    • 28. Force Majeure
    • 29. Joint Vault Accounts
    • 30. Amendments and Assignments
    • 31. General
    • 32. Governing Law
  • Schedule 1: Scope of Services and Fee Structure
  • Conflict of Interest Policy
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  1. Terms & Conditions

4. Service Overview & Account Handling

  1. Vault will provide services under this Agreement as detailed in ‎Schedule 1 (Scope of Services and Fee Structure).

  2. You will deposit your monies directly into your Broker Account. You hereby agree and understand that the Broker Account is not maintained by Vault. Rather, the Broker Account is maintained by Broker and all funds that you deposit in the Broker Account will be held in the custody of Broker. Vault’s role with respect to the Broker Account is restricted to facilitating its establishment and granting you an interface through which you may access your Broker Account and execute transactions therefrom. The laws and regulations applicable to your Broker Account shall be those applicable to Broker in its home jurisdiction wherever that may be, including the laws and regulations administered and supervised by the relevant governmental authority, and this may affect your ability to access your Broker Account or in certain circumstances such as an insolvency of Broker, recover the funds deposited in your Broker Account.

  3. In the event of insolvency of Broker, you understand that Broker may not be subject to the insolvency legislation and rules applicable in the ADGM, and that you may not be able to fully recover some or all of the funds in your Broker Account.

  4. You agree that:

    1. in the event of insolvency or default of Broker, you may not be able to fully recover your investments held with Broker. We shall not be liable to you for any and all loss suffered or incurred by you as a result of any act, omission or insolvency of Broker;

    2. where investments are denominated in a foreign currency, the investments may be held in an omnibus custody account with an entity which is licensed, registered or authorised to act as a custodian in the country or territory where such investments are held. In such case, you understand that the laws and practices relating to custody accounts in the relevant jurisdiction may differ. Depending on the jurisdiction, this may affect your ability to recover the investments deposited with Broker;

    3. your investments with Broker are governed by the Broker Account Terms available on your chosen Broker’s website; and

    4. Broker and Vault shall have viewer access to your Broker Account which will enable Broker and Vault to view your Broker Account details and holdings.

Last updated 2 days ago