SUMMARY OF AMENDMENTS TO EASYEQUITIES TERMS AND CONDITIONS


1. Our EasyEquities Terms and Conditions (the Contract) have been amended.  This notice contains a summary of the material changes to the Contract to provide for the introduction of Bundles on the EasyEquities Platform.

2. The definitions used in the explanations of the material amendments below are the same definitions used in the Contract.



TO VIEW OUR FULL TERMS AND CONDITIONS - PLEASE CLICK HERE





MATERIAL AMENDMENTS TO THE CONTRACT


3. Bundles

3.1 The Contract has been amended by inserting a new clause 15 entitled "BUNDLES", which sets out the terms and conditions applicable to your investment in a Bundle. Under this new clause, you will be able to invest in a number of securities at once through the purchase of a particular managed Bundle on the EasyEquities Platform from time to time. Each Bundle will contain a list of certain Issuer Securities preselected by FWT and weighted according to the investment objectives, guidelines, strategy and trading philosophy which FWT has assigned to a particular Bundle, as set out in the applicable Bundle Mandate.


4. Other amendments

4.1 Clause 2.1(15) has been added to include a definition of "Bundle" so that you can understand what a Bundle is.

4.2 Clause 2.1(16) has been added to include a definition of "Bundle Mandate" so that you can understand that, in addition to the EasyEquities Terms and Conditions, the relevant discretionary investment management agreement has to be executed by you before you purchase a Bundle on the EasyEquities Platform and the Bundle Mandate will govern all aspects of your investments in Bundles.

4.3 Clause 2.1(76) has been added to include a definition of "Weight or Weighting" so that you can understand that the Issuer Securities will constitute different proportions in a particular Bundle.
4.4Clause 21.1 (2) and (3) has been amended to include an “elective and non-elective event” as well as clause 21.1 (4), so that you understand that Corporate Action relates to cash Dividends for whole Securities and CFD transactions.4.5 A new Annexure F titled "Conservative Income Bundle Mandate", Annexure G titled "Growth Bundle Mandate", Annexure H titled "Growth and Income Bundle Mandate" and Annexure I titled "Aggressive Growth Bundle Mandate" have been added to the amended Contract, and will govern your investments in Bundles.

5. Conclusion

5.1 Having regard to the abovementioned changes, we wish to inform you that the new EasyEquities Terms and Conditions (New Contract) will take effect 10 (ten) Business Days after the date on which they are delivered to you and/or published on the Website (14/11/2016) and that, after the effective date, our relationship and your Trades will be governed by this New Contract.

5.2 If you are not in agreement with the New Contract, you may give us 10 (ten) Business Days written notice to cancel the current Contract and discontinue using our services by sending an email to helpme@easyequities.co.za which notice must be received by us on or before the effective date. We will assist you with either closing out your Trades or transferring your securities to another broker during the 10 (ten) Business Day notice period, whichever is applicable. However, you will not be allowed to enter into any new Trades during the notice period.

5.3 If you do not give notice to cancel the current Contract and close your Account on or before the effective date, then you are deemed to have accepted the New Contract and if you continue to engage in any Trading using the EasyEquities Platform after the effective date you agree to be bound by the terms and conditions of the New Contract.

5.4 Please feel free to contact us if you have any queries.

TO VIEW OUR FULL TERMS AND CONDITIONS - PLEASE CLICK HERE