Update on Financial agreement

Dear Market participants,

We would like to inform you that there has been an update on our financial agreement with the introduction of a new clause 3 (b) which now provides further information on activities on the business account.

The market participant is expected to only make transfers to their business account from an account in its name with a credit institution based in the European Union, United Kingdom, European Economic Area or any other in which JAO performs cross border auction services.

The market participant is also under an obligation to use a financial institution subject to customer due diligence standards that are not less than those laid down in Directive  (EU) 2015/ 849 and which complies with them accordingly.

The updated financial agreement is available on JAO’s website http://www.jao.eu/sites/default/files/2022-01/20220101_Financial%20Agreement.pdf

If you have any questions related to this information, please do not hesitate to contact us through our service desk platform https://servicedesk.jao.eu

Kind regards,

JAO Operation Team