You may enter into transactions for cash equity or fixed income executions with J.P. Morgan. Each transaction entered into under the standard terms of business or industry norms in place between the client and J.P. Morgan (collectively the Terms) will be deemed a representation made by you (and, if you are acting as agent for any principal or principals, on behalf of yourself and any principal or principals, the latter in their fiduciary and individual capacity), that either:
J.P. Morgan has not and does not act as a “fiduciary” (including within the meaning of Section 3(21) of ERISA) with respect to the activities contemplated by the Terms and each transaction entered into thereunder, including, without limitation, by reason of the exercise of any rights which J.P. Morgan may have thereunder.
If you (or any principal or principals) currently hold (a) any Plan Assets and cannot rely on the QPAM Exemption with respect to the Terms or any transactions thereunder or (b) any assets subject to Similar Law, you must notify J.P. Morgan in writing immediately.
© 2015 JPMorgan Chase & Co. All rights reserved. J.P. Morgan is the global brand name for JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. J.P. Morgan Cazenove is a marketing name for the U.K. investment banking businesses and EMEA cash equities and equity research businesses of JPMorgan Chase & Co. and its subsidiaries, conducted primarily through J.P. Morgan Securities plc. Execution services are offered through J.P. Morgan Securities LLC (member of FINRA, NYSE and SIPC), J.P. Morgan Securities plc (a member of the London Stock Exchange and authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England & Wales No. 2711006. Registered Office: 25 Bank Street, Canary Wharf, London E14 5JP), J.P. Morgan Securities (Asia Pacific) Limited (CE number AAJ321) (regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission in Hong Kong), and other investment banking affiliates and subsidiaries of J.P. Morgan in other jurisdictions worldwide and registered with local authorities as appropriate. Please consult http://www.jpmorgan.com/pages/jpmorgan/investbk/global for more information.