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Amendments to our Terms and Conditions

January 2012

Please note our Reserve account and Focus account Terms and Conditions have both been amended and are available to view and download from the Information and literature area on our website.

The following sections have been revised, deleted or added as new. We recommend you read these revised sections at your convenience.

Account condition/s affected Existing condition Amended / new condition
Focus 10.2.6.
Reserve 9.2.5.
Where you become aware that a payment transaction has been debited to your Account, but not authorised by you or has been incorrectly executed, you must inform us immediately. If we fail to provide or make available information concerning the payment transaction you may be entitled to redress.

Where you become aware that a payment transaction has been debited to your Account, but not authorised by you or has been incorrectly executed, you must inform us immediately; and no later than 13 months after the date of instruction. We will review whether the payment transaction was properly authorised, accurately recorded and not affected by a technical breakdown or some other deficiency. If we fail to provide or make available information concerning the payment transaction you may be entitled to redress.

Focus 10.2.9.7.
Reserve 9.2.8.7.
None We may refuse to make a payment (and we will not be responsible for any loss) if:
We are blocked or stopped from making the payment due to international legal obligations.
Focus 36.2. You may print off a copy of your own statements, if you have access to a printer, once you are connected through your customer online service. Printed copies of any of the above documents are available upon request at the cost of £5 per sheet. You are entitled to receive monthly Focus valuations under UK, Isle of Man and Jersey rules and regulations. However, you may instruct us to cease sending valuations to you, until further notice, by ticking the box in section 15 of the Focus application form or by advising us in writing. You may print off a copy of your own statements, if you have access to a printer, once you are connected through your customer online service. Printed copies of any of the above documents are available upon request at the cost of £5 per sheet.
Focus 36.2.2.3. The website displays all historical transactions, therefore you accept that you will not receive:
36.2.2.3. monthly Focus valuations.
Condition 36.2.2.3. deleted.
Focus 40.4.9.
Reserve 39.4.9.
The PIN should not be written down in any format or held with the Gold Status Visa Card. We would advise that the PIN should not be written down in any format or held with the Gold Status Visa Card.
Focus 43.14.1. We will collect and receive all income, interest distributions and other payments in respect of your investments and you authorise us to take any steps necessary to do so. Where we also provide Discretionary Investment Management Services we will allocate them to the same investment strategy. If you are a US national or a non-US resident holding US investments, we will endeavour to collect income under the appropriate reduced rate of withholding tax provided that you complete any documentation that may be required under the applicable regulations. If this documentation is not fully completed and returned to us, any income on your US securities will be taxed at the default rate. We will collect and receive all income, interest distributions and other payments in respect of your investments and you authorise us to take any steps necessary to do so. Unless you request otherwise, income will remain in the currency it is received. Where we also provide Discretionary Investment Management Services we will allocate them to the same investment strategy. If you are a US national or a non-US resident holding US investments, we will endeavour to collect income under the appropriate reduced rate of withholding tax provided that you complete any documentation that may be required under the applicable regulations. If this documentation is not fully completed and returned to us, any income on your US securities will be taxed at the default rate.
Focus 43.18.1. We will notify you of any material change to information provided in respect of the Focus services provided to you.  We will notify you of any material change to information provided in respect of the Focus services provided to you. Information relating to the Focus services will be transmitted by email, writing or on our website.
Focus 44.9.12. We will take all reasonable steps to ensure that any financial instrument or funds received in settlement of executed orders are promptly delivered to your Account.

We will take all reasonable steps to ensure that any financial instrument or funds received in settlement of executed orders are promptly delivered to your Account. Unless you request otherwise, proceeds from the sale of investments will remain in the currency it is received.