RBC FUNDS (LUX)

APPLICATION FORM FOR INSTITUTIONAL INVESTORS

The undersigned herewith applies to open a register account for the maintenance of a participation in RBC Funds (Lux) (hereinafter the “Fund”). RBC Global Asset Management Inc. (hereinafter the “Company”) is responsible for the collective portfolio management of the Fund.

Please complete all the sections of this form in BLOCK CAPITALS and return the ORIGINAL duly signed and dated together with the relevant documentation to the Registrar of the Fund (the “Registrar”):

RBC Investor Services Bank S.A.

Attn. SHS Register, 14, Porte de France

L-4360 Esch-sur-Alzette, G.D. Luxembourg

Tel: +352 2605 9730 / Fax: +352 2460 4841

Please note that any modification, change or deletion within this form, non-delivery or non-accurate delivery of requested information may delay or even hinder the account opening process. Please contact the Registrar in case of questions and before making such changes.

SECTION 1 | CORPORATE INVESTOR INFORMATION

Contact Name
Parent Company/ Head Office
Date of Incorporation (DD/MM/YYYY)	Country of Incorporation
Company Register and Number
Principal place of business

Registered Office Address (PO Box and “in care of” addresses are not valid)

Contact Name
Number and Street
City/Town	Postcode	Country
Telephone	Fax	Email

Correspondence Address (if different from above)

Contact Name
Number and Street
City/Town	Postcode	Country
Telephone	Fax	Email

SECTION 1 | CORPORATE INVESTOR INFORMATION (Continued)

Area of Activity

Area of Activity
Private Banking / Private Wealth
Investment Fund:
Publicly Distributed Fund
Dedicated Fund
Is the Company Regulated
If “Yes” Name the Regulatory Body	Regulatory Number
Regulator Website Address

I/we confirm that the investment into the Fund:
Is made on my/our own behalf and is not in favour of a third party
Is made on behalf of third party

Investment into the Fund is made on behalf of third party:

MIFID Categorisation

Please indicate the MIFID category under which you deal with the underlying investor(s) for this account. Please note that if you fail to indicate the category, the underlying investor(s) will be classified as Retail Client. Please note that the information provided is subject to clause 3 of the General Terms and Conditions.

Type of Business

Please indicate whether the account is used to transact “advised” or “execution-only” business. Per account only one type is possible. If both types of transactions are used, please be advised that two different accounts need to be created. Please note that the information provided is subject to clause 3 of the General Terms and Conditions.

Type of Investment

I/we confirm that the investment into the Fund made on behalf of third party will reflect

Pooled accounts need to be classified for different purposes (e.g. RDR Rules, RFA rules, etc.). Please indicate whether the account is used for one of the below mentioned distribution types. Please note that the information provided is subject to clause 3 of the General Terms and Conditions.

In such case, please select either one option below:

SECTION 2 | INTERMEDIARY

The intermediary is the financial company to which the investor submits his application form and who will forward this application form to the Fund, the Company, the Registrar or any other agent used by them. The intermediary will carry out the KYC on the Account Holder. Provided the regulatory criteria are met, it may be acting as third party introducer on which reliance is placed for the Customer Due Diligence and will retain the related identification documentation.

A requirement is that the intermediary is also transmitting transaction orders to the Fund, the Company, the Registrar or any other agent used by them on behalf of the Account Holder.

I/We am/are investing directly and NOT through an intermediary
I/We am/are investing through an intermediary

Contact Name
Parent Company/ Head Office
Date of Incorporation (DD/MM/YYYY)	Country of Incorporation
Company Register and Number

Registered Office Address (PO Box and “in care of” addresses are not valid)

Contact Name
Number and Street
City/Town	Postcode	Country
Telephone	Fax	Email

Correspondence Address (if different from above)

Contact Name
Number and Street
City/Town	Postcode	Country
Telephone	Fax	Email

Area of Activity

Area of Activity
Is the company regulated
If “Yes” Name the Regulatory Body	Regulatory Number
Regulator Website Address

Intermediary Type of Business

Please indicate whether the account is used to transact “advised” or “execution-only” business. Per account only one type is possible. If both types of transactions are used, please be advised that two different accounts need to be opened. Please note that the information provided is subject to clause 3 of the General Terms and Conditions.

SECTION 2 | INTERMEDIARY	(Continued)

Intermediary Declarations

The intermediary confirms that:

It has based on the regulation applicable in its country of incorporation appropriate means and internal procedures to prevent and avoid the utilization of the Fund for the purposes of money laundering (i.e. any activity involving the investment, concealment or conversion of the direct or indirect proceeds of criminal activities as listed in Luxembourg laws and regulations) or terrorism financing, and to detect and intercept money laundering channels or chains.

It substantiates, on the basis of probative of official documents, the true identity of

All its clients, both regular and occasional, including investors into funds for which it acts as intermediary, and

Where its clients are not acting on their own behalf, of final economic beneficiaries (i.e. ultimate beneficial owners) and authorized representatives of the clients hereinafter collectively referred to as the “Client”.

It retains related Client identification documentation for a period of at least 10 (ten) years during the relationship and at least (5) five years after the end of its relationship with the Client.

When required by the Fund, the Company, the Registrar or any other competent body or authority, Client identification documents shall be immediately made available to the requesting entity.

Its procedures for the prevention of money laundering and terrorist financing include the monitoring of Client transactions, including, but not limited to, the monitoring of the source and destination of funds, the review of the purpose and object of the transaction, and, with a risk-based approach, applying enhanced checking procedures to transactions which it identifies as unusual in their size, conditions or nature.

It is aware of the terms and information contained in the prospectus, the articles of incorporation and the key investor information document of the Fund and shall observe them. In particular it shall not allow the purchase or holding of shares of the Fund or any of its sub-funds by persons not authorized to purchase or hold them under the provisions of the prospectus.

It will make available to its Client that are investors of the Fund all information and notice received from or issued by the Fund, the Company or any of their agents and intended to be provided to the beneficiaries.

It shall not advertise for Clients, solicit Clients, or sell any of the shares of the Fund or its sub-funds, unless it may do so in compliance with the laws and regulation applicable in Luxembourg or in other country where such advertising, solicitation, offer or sale takes place.

It is aware of the UN – EU, OFAC, CSSF, Egypt Asset Freeze watch lists contained in regulations concerning identification and declaration of business relations with suspected terrorist groups, persons or entities, or country subject to embargo, and has checked and will monitor that none of Clients does appear on such list.

Its officers, employees and all agents used by it comply strictly with all related procedures and controls in place.

It hereby certifies that it

Is not a shell bank within the meaning given to these terms under

U.S. Patriot Act: Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act) or any other similar legislation and does not accept shell banks as a Client.

It is complying with FATCA regulation applicable in its country of incorporation and in particular it has appropriate means and internal procedures to identify and classify its clients according to applicable FATCA regulation.

It has taken knowledge of the applicable General Terms and Conditions and explicitly agrees to clause 4.

This confirmations shall be deemed reiterated at the time of any order placed and shall continue throughout the period of its holdings in the Fund on behalf of its underlying clients. The Intermediary commits to inform the Fund, the Company and the Registrar if the Intermediary ceases to be regulated or if its license is altered and does not qualify the Intermediary anymore to act in its own name on behalf of third party.

Signature

Intermediary Representative 1 Signature	Intermediary Stamp
Name
Intermediary Representative 2 Signature
Name	Date

SECTION 3 | ULTIMATE ECONOMIC BENEFICIARY

An ultimate economic beneficiary is the final beneficiary of the investment and who owns – directly or indirectly – more than 25% of the value of the shares subscribed. This final beneficiary can be either a private person(s) or a publicly quoted company(ies) for which more than 75% of their capital is listed on a recognized stock exchange.

Important: In case of indirect ownership, please describe on a dated and signed chart all the intermediate levels of ownership with names and percentages.

Is any of the account holder or the ultimate economic beneficiary:

Please provide description if any of the above is applicable:

I/We am/are the final beneficiary of the shares being subscribed
I/We am/are NOT the final beneficiary of the shares being subscribed

Please complete either the Natural Person or Legal Entity section.

NATURAL PERSON

Title (Mr, Mrs, Ms, Other)	Date of Birth (DD/MM/YYY)
Surname	City of Birth
First Name	Country of Birth
Passport Number	Issuing Country
Expiration Date	Nationality
Dual Nationality
Telephone Number	Fax Number
Mobile Number	Email

Permanent Residential Address (PO Box and “in care of” addresses are not valid)

Number and Street
First Name	Postcode	Country
Passport Number	Fax	Email

SECTION 3 | ULTIMATE ECONOMIC BENEFICIARY (Continued)

LEGAL ENTITY

Contact Name
Parent Company/ Head Office
Date of Incorporation (DD/MM/YYYY)	Country of Incorporation
Company Register and Number

Registered Office Address (PO Box and “in care of” addresses are not valid)

Contact Name
Number and Street
City/Town	Postcode	Country
Telephone	Fax	Email

Correspondence Address (if different from above)

Contact Name
Number and Street
City/Town	Postcode	Country
Telephone	Fax	Email

Area of Activity

Area of Activity
Is the company regulated
If “Yes” Name the Regulatory Body	Regulatory Number
Regulator Website Address

SECTION 3 | ULTIMATE ECONOMIC BENEFICIARY (Continued)

Signature

Ultimate Economic Beneficiary Signature	Ultimate Economic beneficiary Stamp (if a legal entity)
Ultimate Economic Beneficiary Name
Date

SECTION 4 | ACCOUNT INFORMATION

Account Designation (name as it should appear on the Funds register)

Subscription Payments

These are mandatory and are related to the bank and accounts from which the subscription amounts will be paid. The account must be in the name(s) of the Account Holder(s) or the account holder must be identified.

Bank Name
Bank SWIF / Bic / Sort Code
IBAN Number
Account Holder / Name of Account

In case payments are made through a correspondent bank, please provide the following information:

Bank Name
Bank SWIF / Bic / Sort Code
IBAN Number
Account Holder / Name of Account

Please note that in order to prevent third party payments, we require subscription payments to come from a bank account in the name of the registered account holder.

Note: for Financial Institutions and Intermediaries:

In order to comply with EU Regulation 2015/847 and FATF SR VII, we require the following information to be included for all subscription wires made to the Fund.

For MT 103, Field 50a is to be used for Ordering Customer’s information (either option below, as appropriate)

TAG	Field Name	Information to include
50a (option K)	Ordering Customer	The Payer’s account number, name and address
50a (option A)	Ordering Customer	The Payer’s account number and the BIC

For MT 202 (Field 52)

TAG	Field Name	Information to include
52A	Ordering Institution	The Ordering Institution’s identifier code (BIC)

SECTION 4 | ACCOUNT INFORMATION

Redemption Payments

These are mandatory and used for the payment of redemption proceeds. The account must be in the name(s) of the account holder(s).

Bank Name
Bank SWIF / Bic / Sort Code
IBAN Number
Account Holder / Name of Account

In case payments are made through a correspondent bank, please provide the following information:

Bank Name
Bank SWIF / Bic / Sort Code
IBAN Number
Account Holder / Name of Account

Please be aware that payments to, or for the accounts of third parties are not accepted. Only where the investor is under 18 years, payments will be made to the legal guardian.

Dividend Instructions

Please indicate if you wish for dividends to be reinvested in the purchase of additional shares of the relevant share class, or paid out to the bank account as detailed above.

SECTION 5 | REPORTING

Please select a periodicity and format as you wish to receive your reporting.

Statement Periodicity	Statement Format

Communication Channel

Fax number
SWIFT code:
Will you be sending orders via SWIFT:

If you answered Yes, above, please note you will need to fill in an additional Swift Set Up request form available in appendix 5

SECTION 6 | TAX INFORMATION

Regulations based on the OECD Common Reporting Standard (“CRS”) and U.S. Foreign Account Tax Compliance Act (FATCA) require the Fund/ the Company to collect and report certain information about an account holder’s tax residence. If your tax residence (or the account holder, if you are completing the form

on their behalf) is located outside of the country where the Fund/Company maintaining the account is located, the Fund/the Company may be legally obliged to pass on the information in this form and other financial information with respect to your financial accounts to the tax authorities in the country where the Financial Institution is located.

If you have any questions about your tax residency, please contact your tax advisor.

Alternatively, please consult OECD website to help determine your tax residence: www.oecd.org/tax/automatic-exchange/crs-implementation-and- assistance/tax-residency

For FATCA related questions you may also consult the IRS website: www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA

Please complete all sections below as directed, referring to the explanatory notes in the Appendices to this form for key definitions. Notes:	Appendix 2 – FATCA Notes – will provide definitions and instructions to complete sections relating to FATCA

Appendix 3 – CRS Notes – will provide definitions and instructions to complete sections relating to CRS

Where the Account Holder is a Passive Non-Financial Foreign Entity, or an Investment Entity located in a Non-Participating Jurisdiction managed by another Financial Institution—Please provide information on the natural person(s) who exercise control over the Account Holder (individuals referred to as “Controlling Person(s)”) in section 6 ‘Controlling Persons’ of this document or by completing an “Individual self-certification form” for each Controlling Person.

Person

Is the Entity a U.S. Person?

U.S. EIN:

U.S. EIN:

If you have ticked one of the above boxes, please provide us with the applicable W-9 Form (available on the IRS website)

Please complete the below section for Financial Institutions or Non-Financial Institutions.

Financial Institutions

Please tick and complete as appropriate. You might refer to FATCA classification notes in Appendix 2 or to www.irs.gov/Businesses/Corporations/Foreign- Account-Tax-Compliance-Act-FATCA

Is the entity a custodial institution, a depository institution, an investment entity or an insurance company that offers insurance contracts with an investment component or annuity contracts?

(please complete the section for Non-Financial Institutions)

Select from one of the options below as a Foreign (Non-U.S.) Financial Institution (FFI):

Name of the sponsoring Entity	GIIN number of the sponsoring Entity
Name of the sponsoring Entity	GIIN number of the sponsoring Entity

A list of the Partner Jurisdictions is available on the U.S. Treasury’s website: http://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA-archive.aspx

If you have ticked one of the boxes above, please provide your Global Intermediary Identification Number (GIIN)

SECTION 6 |TAX INFORMATION	(continued)

Financial Institutions (Continued)

If you are a Financial Institution but do not have a GIIN, please tick one of the below reasons:

a. The IGA country:
b. The Non-reporting category applicable:

Please proceed to the CRS Classification on the next page.

Non-Financial Institutions

If you are not a Financial Institution, please confirm the Entity’s FATCA status below:

Please complete the Controlling Persons section
If you have checked the “Other” box, please provide us with the applicable W-8 Form (available on the IRS website)

Please proceed to the CRS Classification on the next page.

SECTION 6 |TAX INFORMATION	(continued)

CRS Classification

Please provide your CRS classification, you might refer to CRS classification notes in Appendix 3.

Country of Tax Residence	Tax ID Number (TIN) or Equivalent	Reason if TIN or Equivalent not available

If the Entity is a Financial Institution

(you must complete the Controlling Persons information at the end of Section 6)

If the Entity is not a Financial Institution

(you must complete the Controlling Persons information at the end of Section 6)

SECTION 6 |TAX INFORMATION	(continued)

Controlling Persons

If the Entity is a Passive Non-Financial Foreign Entity, or an Investment Entity located in a Non-Participating Jurisdiction managed by another Financial Institution, please provide details of any Controlling Persons. The term Controlling Persons is to be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

Please provide details below of any Controlling Persons. Should below space not be sufficient – please provide information on a separate sheet. Should Controlling Persons have more than one tax residence, please use the below space or provide information on a separate sheet.

Full Name of Controlling Person (CP) and Permanent Residence Address (including Country)	Date of Birth (dd/mm/yyyy) and Place of Birth	CP Type (refer to the table below)	Country(ies) of Tax Residency	Tax Identification Number	Reason if TIN not available

CP Type	Description of Controlling Person
801	CP of legal person – ownership
802	CP of legal person – other means
803	CP of legal person – senior managing official
804	CP of legal arrangement – trust – settlor
805	CP of legal arrangement – trust – trustee
806	CP of legal arrangement – trust – protector
807	CP of legal arrangement – trust – beneficiary
808	CP of legal arrangement – trust – other
809	CP of legal arrangement – other – settlor-equivalent
810	CP of legal arrangement – other – trustee-equivalent
811	CP of legal arrangement – other – protector-equivalent
812	CP of legal arrangement – other – beneficiary-equivalent
813	CP of legal arrangement – other – other-equivalent
UN	Unknown

SECTION 6 |TAX INFORMATION	(continued)

Tax Information Declaration

The account holder declares by its signature of this self-certification form that the above information is true, complete and accurate and undertakes to advise the recipient (the Fund/ the Company and the Registrar) promptly and provide an updated Self- Certification form within 30 days of any change in circumstances occurring, which causes any of the information contained in this form to be inaccurate or incomplete.

The account holder understands that the information supplied by them is covered by the full provisions of the General Terms and Conditions governing the Account Holder’s relationship with the Fund/ the Company, setting out how the Fund/ the Company or the Registrar may use and share the information supplied by them. The account holder acknowledges, in particular, that the information provided is subject to clauses 3 and 4 of the General Terms and Conditions.

Further, the account holder acknowledges that the information contained in this form and information regarding the Account Holder/controlling person(s) and any Reportable Account(s) may be provided to the tax authorities of the country in which this account(s) is / are maintained and exchanged with tax authorities of another country or countries in which the Account Holder may be tax resident pursuant to intergovernmental agreements regarding the exchange of financial account information, or otherwise where required by law.

The consent to the communication of the relevant information set out in the foregoing paragraph will be valid for as long as the Entity is a customer of the Fund/Company maintaining the account(s) and beyond in order to enable the Fund/Company and the Registrar maintaining the account(s) to fulfil its statutory obligations.

The applicant(s) will indemnify upon first demand the Fund, the Company, the Registrar or any other agent used by them against any actions, proceedings, claims, losses, damages, costs and expenses which may be brought against, suffered or incurred by them arising either directly or indirectly out of or in connection with a breach by the applicant(s) or out of the Fund, the Company, the Registrar or any other agent used by them relying on, accepting or failing to act on any instruction or declaration or information given by or on behalf of the applicant(s) unless due to the willful default, fraud or gross negligence of the Fund, the Company, the Registrar or any other agent used by them.

I/We authorise the Fund/ the Company and the Registrar to use and duplicate the data provided in this form internally in any account where the Entity is identified as a beneficiary.

I/We certify that I am the Representative of the Account Holder (or am authorized to sign for the Account Holder/Controlling Person) of all the account(s) to which this form relates.

Signature

First Entity Representative Signature	Second Entity Representative Signature
Date and Place of Signature	Date and Place of Signature
Name	Name
Title	Title

SECTION 7 | ECONOMIC SOURCE OF FUNDS

If Investing on own Behalf:

I/We confirm that investments into the Fund:

Are made on my/own behalf, or made in my/our name as nominee

Are not of criminal origin, and in particular do not constitute the proceeds of money laundering

Originate from the following source (please tick the appropriate box)

If Investing in own Name but on Behalf of Third Party:

I/We confirm the funds used for subscription are coming from:

Main country of origin of customer base:

SECTION 8 | EXPECTED TRADING VOLUMES AND FREQUENCY

Please complete the below section with your expectations in terms of investment in the fund. The expected volumes and frequency provided will not form any kind of commitment from the account holder, the beneficial owners or the intermediary.

Expected Frequency of Trading

Please tick the anticipated frequency

Single Transaction

Expected Investment Amount

Please detail expected amounts by transaction below

SECTION 9 | DECLARATION BY THE ACCOUNT HOLDER

The following declaration is to be signed by each Account Holder:

Corporate: The declaration must be signed by a legal representative of the company, supported by documentary evidence of the authorisation to sign on behalf of the corporate.

Intermediary: The declaration must be signed by a legal representative of the intermediary, supported by documentary evidence of the authorisation to act on behalf of the Account Holder.

The Account Holder

Understands that its application is subject to verification for receipt and acceptance by the Fund, the Company, the Registrar or any other agent appointed by them;

Declares and agrees that any further application for shares by it shall be (i) made or be deemed to be made in accordance with the then relevant documentation and (ii) understood as reiteration of all information made herein;

Hereby confirms that the money or assets invested by it are neither directly nor indirectly the proceeds of any criminal act within the meaning of applicable Luxembourg law.

Declares to have received, read, understood and agreed the applicable Key Investor Information document(s) at the time of the signature of this application form related to the share-classes or sub-funds of the Fund.

Declares to agree to provide upon request of the Fund, The Company, the Registrar or any agent they may use, the necessary supporting identification documentation as requested by Luxembourg laws.

Declares that the information contained in this application form is correct at the time of completion and undertakes to promptly inform the Registrar of any changes.

7.	Declares it has been advised about and taken knowledge of the applicable General Terms and Conditions and explicitly agrees to clause 5.

Signature

Signature of the account holder or Company representative	Signature of the second account holder (if any) or company representative
Date and Place of Signature	Date and Place of Signature
Name	Name
Title	Title

APPENDIX 1 | GENERAL TERMS AND CONDITIONS

General

These Terms and Conditions relate to the opening of a register account for the purposes of subscription of shares in the Fund. The Fund – if applicable – the Company delegated to the Registrar the registrar and transfer agent duties. i.e. to maintain and keep the investors register - and the Applicant(s) agree(s) to be bound by these Terms and Conditions in addition to any other official documents issued by the Fund.

The Fund, the Company, the Registrar or any other agent used by them reserves the right to

Reject any application in whole or in part which is not complete, supported by required documentation or for any other reason at their sole discretion

To request additional information and documentation, including, but not limited to, translations and certifications relating to such additional requests from the applicant(s) and existing investors in compliance with the legislation and regulations in force from time to time

Prevention of Money Laundering and Fight of Terrorist Financing

All applicants understand that due to the changing nature of laws and regulations and the possible extensions of applicable rules, the Fund, the Company, as well as the Registrar or any other agent used by them may update and amend its procedures as might be required from time to time to comply with such amendments.

In compliance with applicable anti-money laundering laws and regulations, the Fund, the Company, the Registrar or any other agent used by them may require

Further information to carry out the required identification of the applicants or an existing investor before the application can be processed or the redemption proceeds paid out; and

The documentation to be renewed in accordance with applicable regulation and market practice.

The Fund, the Company and the Fund may agree to open accounts even if the documentation is not complete to ease the timely subscription to the Fund. In such exceptional case

The register account will be opened for subscriptions but blocked for redemptions.

Redemption orders on blocked accounts will be executed, but the redemption proceeds will be hold pending and not be paid to the Account Holder unless the documentation is complete.

Distribution proceeds and transfer out will be hold pending unless the documentation is complete.

Redemption proceeds according to clause 2.3.2 will not be subject to remuneration or interest bearing.

The Fund, the Company and the Registrar reserve the right to charge in accordance with clause 3.1 an Account Holder additional fees, if the Account Holder generates additional costs through non-collaboration for the purposes of this clause.

Indemnity

The Applicant(s) will indemnify upon first demand the Fund, the Company, the Registrar or any other agent used by them against any actions, proceedings, claims, losses, damages, costs and expenses which may be brought against, suffered or incurred by them arising either directly or indirectly out of or in connection with a breach by the applicant(s) of these Terms and Conditions or out of the Fund, the Company, the Registrar or any other agent used by them relying on, accepting or failing to act on any instruction or declaration or information given by or on behalf of the Applicant(s) unless due to the willful default, fraud or gross negligence of the Fund, the Company, the Registrar or any other agent used by them.

Confidentiality, Data Processing and Professional Secrecy

The Fund, the Company, the Registrar or any other agent used by them agree to keep all information concerning the Applicant(s) confidential unless required to disclose such information to third parties by applicable Law or by formal instruction of the Applicant(s) or as further described in this section.

The Applicant(s) agree(s) that the Fund, the Company, the Registrar or any other agent used by them may be requested to disclose personal details for the processing of cash payment instructions in accordance with the mandatory obligation provided in Article 16 of the Act of November 12, 2004 (as amended) regarding the fight against money laundering and terrorism financing.

The Applicant(s) agree(s) that any information relating to it(them), including personal data such as identification data, account information, contractual and other documentation, transactional information, details of shareholding either given in this Application and Account Opening Form or otherwise held by the Fund, the Company or the Registrar, acting as controller or processor, on application or at any other time (the "Investor Information"), will be stored in digital form or otherwise and processed in accordance with the EU General Data Protection Regulation (the “Data Law”). Investor Information may also include personal data, for example, regarding your employees, directors, officers, legal representatives, beneficial owners, trustees, settlors, signatories, shareholders or otherwise. As per the before said, each Applicant

Agrees that the Fund, as well as, where relevant the Company and those companies to which the Fund, the Company delegate distribution or investor servicing duties (e.g. the Registrar), the distributors or any other service providers such as representatives or third-party agents (the “Data Processors”) will collect, retain, maintain and disclose Investor Information in accordance with applicable laws, including potentially to their group’s worldwide offices or affiliates

Understands that the Investor Information supplied will enable the Fund as well as, where relevant, the Company and any of the Data Processors, to administer its account and provide appropriate services;

Does consent to the Investor Information being used by the Fund as well as, where relevant, the Company for promoting products relating to the Fund or the Company;

Acknowledges that the Fund, the Registrar, as well as, where relevant, the Data Processors may be required by applicable laws and regulation to provide the Investor Information to tax, supervisory or other authorities in various jurisdictions, in particular those where (i) the Fund is or is seeking to be registered for public or limited offering of its shares, (ii) investors are resident, domiciled or citizens, (iii) the Fund, as well as, where relevant the Company, the Registrar and those companies to which the Fund, the Company or the Registrar delegate distribution or investor servicing duties, the distributors or any other service providers such as representatives or third-party agents is or is seeking to be registered, licensed or otherwise authorised to invest. The Company, the Fund or the Registrar shall not be liable for any consequences resulting from such disclosure;

Agrees that Investor Information may be transferred to or stored in a country that does not have equivalent data protection laws to those of the European Union;

Waives in favour of the Fund, as well as, where relevant the Company, the Registrar and those companies to which the Fund, the Company or the Registrar delegate distribution or investor servicing duties, the distributors or any other service providers such as representatives or third-party agents the Luxembourg professional secrecy requirements relating to the financial sector

4.4	The Applicant(s) accept(s) that Investor Information may be disclosed by the Fund, the Company, the Registrar or any other agent used by them to external parties such as the Fund's sponsor, the Fund's Authorized Distributors or as deemed necessary by the Fund, the Company, the Registrar or any other agent used by them for the provision of enhanced shareholders' related services and, particularly in the case of Registrar, for the delegation of data processing activities as part of its Transfer and Registrar Agent duties. The Applicant further agrees to Investor Information (subject to the application local laws and/or regulations) being used outside Luxembourg, and therefore being potentially subject to the scrutiny of regulatory and tax authorities outside Luxembourg. When Investor Information is transferred to countries which are not deemed as equivalent in terms of Data Protection regulation, it is legally required that the Fund, the Company, the Registrar or any other agent implement appropriate safeguards. The Applicant is informed that the Registrar will, in the scope of the delegation of data processing activities as part of its Transfer and Registrar Agent duties, transfer personal data to its affiliate in Malaysia. In such case appropriate safeguards will consist in the entry into standard contractual clauses approved by the European Commission.

(Continued) APPENDIX 1 | GENERAL TERMS AND CONDITIONS

Investor Information, once disclosed by the Registrar as per the previous sub-section 4.4 shall be processed by the recipient under the control of the Registrar and shall not be subject to the Luxembourg professional secrecy and confidentiality standards applicable to the Registrar but to professional secrecy and confidentiality standards applicable to such recipient.

The consent given in this section shall remain valid during as long as the applicant(s) is (are) an shareholder(s)/unitholder(s) of the Fund.

The Applicant(s) is/are aware that, notwithstanding the foregoing, it will be able, at any time, to exercise his rights provided for by the EU General Data Protection Regulation by contacting the Fund, the Company or the Registrar using the contact details mentioned on this Application Form. As such action may affect the existence or continuation of the provision of services by the Fund, the Company, the Registrar or any other agent used by them, the Applicant(s) acknowledge(s) that neither the Fund, the Company, the Registrar nor any other agent used by them will be liable for any loss or damage incurred by the Applicant(s) in the context of such action according to (i) to (iv) by the Company. The Fund, the Company, will, however reserve the right to redeem the participation of the Applicant(s) to ensure full compliance with the applicable laws and regulations and remain liable for the proper handling and fulfillment of its data protection duties.

In connection with personal data, the applicant shall inform and obtain consent from any relevant individual that data relating to them may be shared as described in this General Terms and Conditions.

Document and Information Retention

The Applicant(s) acknowledge(s) and agree(s) that Investor Information will be held by the Fund, the Company, the Registrar or any other agent used by them and may be subject to data processing.

The Fund, the Company, the Registrar or any other agent used by them will keep the Investor Information at least 10 years during the relationship and 5 years after the end of the relationship between the Applicant(s) and the Fund, unless otherwise required by applicable laws.

Instructions

All notices, reports, statements, documents and communications will be sent at the risk of the applicant(s) by ordinary mail or where otherwise specified by Luxembourg legislation or the Fund's constitutional documents, by registered mail to the address of the First Applicant unless otherwise specified by the applicant(s) in writing. The applicant(s) assume(s) all risks and in particular those arising from delays in delivery including but not limited to errors in communication. The applicant(s) hold(s) harmless the Fund, the Company, the Registrar or any other agent used by them of all responsibility in this respect.

All notices, reports, statements, documents and communications sent to the address of the first applicant are deemed to have been effected to all the applicants on the date sent to the first applicant's address.

Instructions may be given by letter or facsimile and are at the risk of the applicant(s). The applicant(s) assume(s) all risks and in particular those arising from delays in delivery, errors in communication, or comprehension, including but not limited to, errors as to the information contained in the instruction. The applicant(s) hold(s) harmless the Fund, the Company, the Registrar or any other agent used by them of all responsibility in this respect.

The applicant(s) specifically agree(s) that for instructions sent by fax he/ they hold the Fund, the Company, the Registrar or any other agent used by them fully indemnified from and against all liabilities, losses, costs, actions, proceedings, claims and demands which may be incurred by or brought or made against the Fund, the Company, the Registrar or any other agent used by them arising directly or indirectly from having acted upon such instructions.

In case the application form is sent by fax, the original must also be sent to the Fund, the Company, the Registrar or any other agent used by them.

A fax authority is not sufficient for notifications of change of name, notification of death, deed of pledges and appointment of an attorney or any other notification or instruction where original documentation is required to be sent by post to the Fund, the Company, the Registrar or any other agent used by them.

The Applicant(s) shall check the accuracy of the details contained in the contact notes and statements of accounts sent by the Fund, the Company, the Registrar or any other agent used by them. Failure to report any inaccuracy within 30 business days of their dispatch will result in the confirmation details to be deemed accurate by the applicant.

Telephone Recording

The applicant(s) specifically accept(s) that telephone-recording procedures may be used by the Fund, the Company, the Registrar or any other agent used by them and agree(s) that these records may be used in court or any legal proceeding, with the same value as written evidence.

Fraudulent Use of Signature

Neither the Fund, the Company, the Registrar or any other agent used by them shall be liable for the fraudulent use by a third party of the applicant's signature, whether this signature be authentic or forged ("Fraudulent Instruction").

Except in the event of gross negligence on the part of the Fund, the Company, the Registrar or any other agent used by them in the verification of the signatures and signatory powers on the documentation, the Fund, the Company, the Registrar or any other agent used by them shall not be liable for any damage, loss, expense or liability of any nature which the applicant(s) may suffer due to the reliance by the Fund, the Company, the Registrar or any other agent used by them on a Fraudulent Instruction which the Fund, the Company, the Registrar or any other agent used by them believe in good faith to be genuine and to have been given or signed by the applicant(s).

Severance

9.1	If any provision or clause of these Terms and Conditions is or becomes void or unenforceable in whole or in part for any reason such enforceability or invalidity shall not affect the validity of the remaining terms and conditions. Terms and Conditions corresponding in sense must replace the invalid terms and conditions.

Applicable Law

The Laws of the Grand Duchy of Luxembourg shall govern the validity and construction of these Terms and Conditions and the parties agree to be bound by the exclusive jurisdiction of the courts of Luxembourg City, Grand Duchy of Luxembourg.

Final Provision

These Terms and Conditions form an integral part of the Application and Account Opening Form, which applicant(s) declare(s) having accepted by signing this Application and Account Opening Form.

APPENDIX 2 | FATCA NOTES

Active Non Financial Foreign Entity (NFFE)	The term Active NFFE means any NFFE which meets any of the following criteria: Less than 50 per cent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 per cent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income; The stock of the NFFE is regularly traded on an established securities market or the NFFE is a Related Entity of an Entity the stock of which is regularly traded on an established securities market; The NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory; The NFFE is a government (other than the U.S. government), a political subdivision of such government (which, for the avoidance of doubt, includes a state, province, county, or municipality), or a public body performing a function of such government or a political subdivision thereof, a government of a U.S. Territory, an international organization, a non-U.S. central bank of issue, or an Entity wholly owned by one or more of the foregoing; Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an NFFE shall not qualify for this status if the NFFE functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes; The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFFE; The NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a Financial Institution; The NFFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution; The NFFE is an “excepted NFFE” as described in relevant U.S. Treasury Regulations (This category includes essentially certain retirement funds); or The NFFE meets all of the following requirements: It is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organization, business league, chamber of commerce, labour organization, agricultural or horticultural organization, civic league or an organization operated exclusively for the promotion of social welfare; It is exempt from income tax in its jurisdiction of residence; It has no shareholders or members who have a proprietary or beneficial interest in its income or assets; The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation documents do not permit any income or assets of the NFFE to be distributed to, or applied for the benefit of, a private person or non-charitable Entity other than pursuant to the conduct of the NFFE’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the NFFE has purchased; and The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation documents require that, upon the NFFE’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profit organization, or escheat to the government of the NFFE’s jurisdiction of residence or any political subdivision thereof.
Deemed-Compliant FFI	The term deemed-compliant FFI means, Under the IRS Regulations: A registered deemed-compliant FFI A certified deemed-compliant FFI An owner-documented FFI A QI branch of a U.S. financial institution that is a reporting FFI under IGA Model 1 Under the Luxembourg IGA (concerning investments funds) Sponsored Investment Entity and Sponsored Controlled Foreign Corporation Sponsored, Closely Held Investment Vehicle Investment Advisors and Investment Managers Collective Investment Vehicles Restricted Fund
Exempt Beneficial Owner	The following Entities shall be treated as Exempt Beneficial Owners: Exempt Beneficial Owners other than Funds. Governmental Entity. International Organization. Central Bank. Funds that Qualify as Exempt Beneficial Owners Treaty-Qualified Retirement Fund Broad Participation Retirement Fund Narrow Participation Retirement Fund Pension Fund of an Exempt Beneficial Owner Investment Entity Wholly Owned by Exempt Beneficial Owners Under the Luxembourg IGA, with respect to funds: SEPCAVs ASSEPs, Pension funds subject to the supervision of the Commissariat aux Assurances. Investment Entity Wholly Owned by Exempt Beneficial Owners
Financial Institution (FI)	The term “Financial Institution” means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.
Foreign Financial Institution (FFI)	The term FFI or foreign financial institution means, with respect to any entity that Institution (FFI) is not resident in a country that has in effect a Model 1 IGA or Model 2 IGA, any financial institution that is a foreign (non-U.S.) entity. With respect to any entity that is resident in a country that has in effect a Model 1 IGA or Model 2 IGA, an FFI is any entity that is treated as a Financial Institution pursuant to such Model 1 IGA or Model 2 IGA.
GIIN (Global Intermediary Identification Number)	The term GIIN or Global Intermediary Identification Number means the number that is assigned to a participating FFI or registered deemed-compliant FFI or a reporting Model 1 FFI for purposes of identifying such entity to withholding agents. All GIINs will appear on the IRS FFI list.
Investment Entity	The term Investment Entity means any entity that primarily conducts as a business (or is managed by an entity that conducts as a business) one or more of the following activities or operations for or on behalf of a customer: Trading in money market instruments (cheques, bills, certificates of deposit, derivatives, etc.); foreign exchange; exchange, interest rate and index instruments; Transferable securities; or commodity futures trading; Individual and collective portfolio management; or Otherwise investing, administering, or managing funds or money on behalf of other persons. This term shall be interpreted in a manner consistent with similar language set forth in the definition of “financial institution” in the Financial Action Task Force Recommendations.

* Extract from ABBL - Guidance notes on the implementation of FATCA rules in Luxembourg. Version 1 as of 20 May 2014

(Continued) APPENDIX 2 | FATCA NOTES

Non-Participating Financial Institution	The term “Non-Participating Financial Institution” means an FI, which is neither a Participating FFI, nor a Deemed Compliant FFI, nor an Exempt Beneficial Owner. The definition includes a Luxembourg Financial Institution or other Partner Jurisdiction Financial Institution treated as a Non-participating Financial Institution pursuant to subparagraph 2(b) of Article 5 of the Luxembourg IGA or the corresponding provision in an agreement between the United States and a Partner Jurisdiction. Pursuant to subparagraph 2(b) of Article 5 of the Luxembourg IGA, a Non-participating Financial Institution is a Financial Institution that has not solved its non-compliance within a period of 18 months after notification of significant non-compliance is first provided.
Non-Reporting Financial Institution	The term “Non-Reporting Financial Institution” means any Financial Institution, or other Entity resident in a FATCA partner jurisdiction that is described in Appendix 2 as a Non-Reporting Financial Institution or that otherwise qualifies as a deemed-compliant FFI or an exempt beneficial owner under relevant U.S. Treasury Regulations in effect on the date of signature of the relevant Intergovernmental Agreement.
Participating FFI	The term Participating FFI means a Financial Institution that has agreed to comply with the requirements of an FFI agreement, including a Financial Institution described in a Model 2 IGA that has agreed to comply with the requirements of an FFI Agreement. The term Participating FFI also in includes a qualified intermediary branch of a Reporting U.S. Financial Institution, unless such branch is a Reporting Model 1 FFI.
Participating FFI	The term Participating FFI means a Financial Institution that has agreed to comply with the requirements of an FFI agreement, including a Financial Institution described in a Model 2 IGA that has agreed to comply with the requirements of an FFI Agreement. The term Participating FFI also in includes a qualified intermediary branch of a Reporting U.S. Financial Institution, unless such branch is a Reporting Model 1 FFI.
Passive FFI	A “Passive NFFE” means any NFFE that is not (i) an Active NFFE, or (ii) a withholding foreign partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations.
Registered Deemed-compliant FFI	Under the IRS Regulations, the term registered deemed-compliant FFI, means an FFI registers with the IRS to declare its status, and includes: Local FFIs Non-reporting members of participating FFI groups Qualified collective investment vehicles Restricted funds Qualified credit card issuers Sponsored investment entities and controlled foreign corporations. Under the Luxembourg IGA, there are not registered deemed compliant statuses, all deemed compliant status are non-reporting and therefore do not need to register with the IRS.
Reporting Financial Institution	The term “Reporting Financial Institution” means a Reporting FATCA Partner Financial Institution or a Reporting U.S. Financial Institution, as the context requires. In the context of the Luxembourg IGA means a Reporting Luxembourg Financial Institution (“Luxembourg FI”)
Restricted Distributor	The notion of Restricted Distributor is not mentioned in the IGA. A restricted distributors is a very small distributor (less than 30 customers of which at least half are related persons), which acts locally; i.e. it has not a fixed place of business outside its country of incorporation. For a full definition, please refer to the U.S. Treasury Regulations at “definition of a restricted distributor”.
Specified U.S. Person	The term Specified U.S. Person means a U.S. Person, other than: A corporation the stock of which is regularly traded on one or more established securities markets; Any corporation that is a member of the same expanded affiliated group as a corporation described in clause (i) above; The United States or any wholly owned agency or instrumentality thereof; Any State of the United States, any U.S. Territory, any political subdivision of any of the foregoing, or any wholly owned agency or instrumentality of any one or more of the foregoing; Any organization exempt from taxation under section 501(a) of the U.S. Internal Revenue Code or an individual retirement plan as defined in section 7701(a) (37) of the U.S. Internal Revenue Code; Any bank as defined in section 581 of the U.S. Internal Revenue Code; Any real estate investment trust as defined in section 856 of the U.S. Internal Revenue Code; Any regulated investment company as defined in section 851 of the U.S. Internal Revenue Code or any entity registered with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C 80a-64); Any common trust fund as defined in section 584(a) of the U.S. Internal Revenue Code; Any trust that is exempt from tax under section 664(c) of the U.S. Internal Revenue Code or that is described in section 4947(a)(1) of the U.S. Internal Revenue Code; A dealer in securities, commodities, or derivative financial instruments (including notional principal contracts, futures, forwards, and options) that is registered as such under the laws of the United States or any State; or A broker as defined in section 6045(c) of the U.S. Internal Revenue Code.

APPENDIX 3 | CRS NOTES

The following are the definitions for the purpose of CRS Entity classification:

Financial Institution
Financial Institution	The term “Financial Institution” means a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.
Investment Entity with tax residence in non-participating jurisdiction and managed by another FI (please fill in Section 4)	Any Entity the gross income of which is primarily attributable to investing, reinvesting, or trading in Financial Assets if the Entity is (i) managed by a Financial Institution and (ii) not a Participating Jurisdiction Financial Institution. ”An Entity is “managed by” another Entity if the managing Entity performs, either directly or through another service provider on behalf of the managed Entity, any of the activities or operations described in clause (i) above in the definition of ‘Investment Entity’. An Entity only manages another Entity if it has discretionary authority to manage the other Entity’s assets (either in whole or part). Where an Entity is managed by a mix of Financial Institutions, NFEs or individuals, the Entity is considered to be managed by another Entity that is a Depository Institution, a Custodial Institution, a Specified Insurance Company, or the first type of Investment Entity, if any of the managing Entities is such another Entity. CRS requires Reporting Financial Institution to consider such Investment Entity as Passive NFE and to provide information on Controlling Persons of the Entity.
Other Investment Entity	An Entity that primarily conducts as a business one or more of the following activities or operations for or on behalf of a customer: Trading in money market instruments (cheques, bills, certificates of deposit, derivatives, etc.); foreign exchange; exchange, interest rate and index instruments; transferable securities; or commodity futures trading; Individual and collective portfolio management; or Otherwise investing, administering, or managing Financial Assets or money on behalf of other persons
Financial Institution other than above Investment Entity (Depository Institution, Custodial Institution, Specified Insurance Company)	Any Financial Institution that is: a Governmental Entity, International Organisation or Central Bank, other than with respect to a payment that is derived from an obligation held in connection with a commercial financial activity of a type engaged in by a Specified Insurance Company, Custodial Institution, or Depository Institution; a Broad Participation Retirement Fund; a Narrow Participation Retirement Fund; a Pension Fund of a Governmental Entity, International Organisation or Central Bank; or a Qualified Credit Card Issuer; an Exempt Collective Investment Vehicle; or a Trustee-Documented Trust: a trust where the trustee of the trust is a Reporting Financial Institution and reports all information required to be reported with respect to all Reportable Accounts of the trust;
Financial Institution Non Reporting according to your local jurisdiction legislation where you are resident (type to precise below)	OECD is providing a definition of Non Reporting FI in the handbook p46 which includes: c) any other Entity that presents a low risk of being used to evade tax, has substantially similar characteristics to any of the Entities described in subparagraphs B(1)(a) and (b), and is defined in domestic law as a Non-Reporting Financial Institution, provided that the status of such Entity as a Non-Reporting Financial Institution does not frustrate the purposes of the Common Reporting Standard. Following this, some EU countries defined some specific local entities which are falling in this c) definition, published in the “Official Journal” of the European Union In addition, the OECD requests in the handbook p 210, point 15: A jurisdiction must have procedures in place to ensure that Non-Reporting Financial Institutions and Excluded Accounts defined in domestic law continue to have a low risk of being used to evade tax. This could include particular Entities or types of Entities. These procedures should include a periodic review of such status. This review may be performed as part of a regular tax audit or as a separate inquiry or review. Therefore, the classification will allow RBC I&TS to identify such entities and to do a quick reasonable test to confirm they are listed in their domestic law as a specific non Reporting Financial Institution.
Non-Financial Institution
Active Non Financial Entity – Corporation that is publicly traded or an affiliate of a publicly traded corporation Active Non Financial Entity – Governmental Entity or Central Bank Active Non Financial Entity – International Organisation Active Non-Financial Entity other than above Active Non Financial Entity categories	An entity will be classified as Active NFE if it meets any of the following criteria: Less than 50% of the NFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50% of the assets held by the NFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income; the stock of the NFE is regularly traded on an established securities market or the NFE is a Related Entity of an Entity the stock of which is regularly traded on an established securities market; An entity will be classified as Active NFE if it meets any of the following criteria: Less than 50% of the NFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50% of the assets held by the NFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income; The NFE is a Governmental Entity, an International Organisation, a Central Bank, or an Entity wholly owned by one or more of the foregoing; Substantially all of the activities of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an Entity does not qualify for this status if the Entity functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes; The NFE is not yet operating a business and has no prior operating history, (a “ start-up NFE”) but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFE does not qualify for this exception after the date that is 24 months after the date of the initial organisation of the NFE; The NFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganising with the intent to continue or recommence operations in a business other than that of a Financial Institution; The NFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution; or The NFE meets all of the following requirements (a “non-profit NFE”): it is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organisation, business league, chamber of commerce, labour organisation, agricultural or horticultural organisation, civic league or an organisation operated exclusively for the promotion of social welfare; it is exempt from income tax in its jurisdiction of residence; it has no shareholders or members who have a proprietary or beneficial interest in its income or assets; the applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents do not permit any income or assets of the NFE to be distributed to, or applied for the benefit of, a private person or non-charitable Entity other than pursuant to the conduct of the NFE’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the NFE has purchased; and The applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents require that, upon the NFE’s liquidation or dissolution, all of its assets be distributed to a Governmental Entity or other non-profit organisation, or escheat to the government of the NFE’s jurisdiction of residence or any political subdivision. Note: Certain entities (such as U.S. Territory NFFEs) may qualify for Active NFFE status under FATCA but not Active NFE status under the CRS.
Passive Non-Financial Entity (please fill in section 8.2.5)	Under the CRS a “Passive NFE” means any other NFE that is not an Active NFE CRS requires a Passive NFE to provide information on Controlling Persons of the Entity.

APPENDIX 4 | GENERAL TAX NOTES

The term “Controlling Persons” means for CRS and IGA Jurisdiction

The Natural Person(s), if any, who ultimately has a controlling ownership interest in a legal person;

To the extent that there is doubt under (a) as to whether the person(s) with the controlling ownership interest is the beneficial owner(s) or where no natural person exerts control through ownership interests, the identity of the natural person(s) (if any) exercising control of the legal person or arrangement through other means;

Where no natural person is identified under (a) or (b) above, the identity of the relevant natural person who holds the position of senior managing official.

In the case of a trust, such term means the settlor(s), the trustee(s), the protector(s) (if any), the beneficiary(ies) or class(es) of beneficiaries, and any other natural person(s) exercising ultimate effective control over the trust,

In the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions.

The term “Controlling Persons” must be interpreted in a manner consistent with the Financial Action Task Force Recommendations

For FI based in a country without an IGA, a passive NFFE has to identify its US substantial Owner(s) which can be an entity, according to the definition of the Internal Revenue Code (section U.S. Code › Title 26 › Subtitle A › Chapter 4 › § 1473)

Power of Attorney – if self-certification completed with POA – please provide a copy of the POA.

APPENDIX 5 | SWIFT SET UP FORM

Shareholder Services Information

Contact: Dealer Liaison

General fax number: +352 24 60 9500

Requestor Information

Date of Demand
Company Name
Contact Name
Phone Number	Fax Number
Email Address

Specific Requirements

Fund Promoter Name	Client Name	SWIFT ID	DN Address (XML)

Signature of the account holder or Company representative Signature of the second account holder (if any) or company representative Date and Place of Signature Date and Place of Signature Name Name Title Title