Important information for US Persons

Not permitted:

• Investment services or securities trading for clients classified as “SEC US Persons”, unless a specific exemption applies.
• Advice, recommendations or the sale of investment products (e.g. shares, bonds or funds), unless offered through our registered U.S. subsidiary, ABN AMRO Securities USA LLC.

Permitted:

• If you live or temporarily stay in the U.S. but do not use investment services, you may still be able to use other banking services.
• If you are a large institutional investor (e.g. a pension fund with more than USD 100 million in assets), exceptions may apply. Please contact your ABN AMRO account manager to discuss your options.

You are considered an SEC US Person if you:

• Live in the United States. · Own a company incorporated in the U.S.
• Manage a trust or estate with a U.S.-based trustee.
• Represent a foreign entity with a U.S. branch.
• Hold a joint account with an SEC US Person.
• Authorise an SEC US Person on your ABN AMRO account.
• Appoint an SEC US Person as heir or executor.
• Are a minor child of an SEC US Person.
• Are legally incapacitated and your authorised representative is an SEC US Person.
• Have a business account where the Ultimate Beneficial Owner (UBO) is an SEC US Person.

Note: If you are not an SEC US Person yourself, but have a U.S. representative acting on your behalf while you live outside the U.S., you may still be eligible for services. International organisations such as the UN or IMF are also excluded from this definition.

If your status changes, ABN AMRO must stop offering investment services. You will receive a termination letter and have up to three months to transfer or sell your investments.

If no action is taken, ABN AMRO may liquidate your investments after six months and deposit the proceeds into your account.

In exceptional cases, you may request additional time in writing. This request must be approved by ABN AMRO management—for example, if you are temporarily staying in the U.S.

You may still be able to use other banking services, depending on your situation. 

• Inform the bank of any changes to your residential status or address.
• Check whether you hold investment products and discuss with your contact person whether these can still be offered.
• Pay attention to communications from ABN AMRO regarding service termination or investment transfers.

If you’re unsure whether this applies to you, please contact ABN AMRO Service and Contact – for private clients.