Summary

In this section, the text defines specific categories of entities for which the status of a US Person changes. Under Investment Advisory Services, a US Person can include any resident US person, any incorporated or organized US company or partnership, a foreign entity located in the US, or a trust where a US Person serves as trustee, excluding non-US persons and US dealers with discretionary accounts. However, the exclusion criteria for other entities are quite narrow, applying only to entities formed specifically to evade US securities laws. In contrast, Broker-Dealer Services is much broader, covering any customer within the US, except those who previously lived outside the country or are on a temporary basis. This definition explicitly covers US citizens, lawful permanent residents (green card holders), and others, but it creates a crucial exception for a relationship to begin before a US customer resided outside the country. While the definition remains strict for the specific types of entities mentioned previously, the text concludes by listing all other entities and situations that the definition covers.

Furthermore, the text clarifies the definition of a Broker-Dealer in the context of an existing customer relationship. It states that the definition applies to any customer who resides within the United States at the time of the relationship's establishment, other than a former non-resident or someone who is currently outside the country or temporary. The definition explicitly excludes dual citizens from the United States, legal permanent residents (who may be US lawfully present), and others on temporary temporary visas. This means that the broad definition covers the vast majority of US customers, with only the specific exceptions for those previously abroad and for US citizens who are already present within the country. It also includes a specific exception for any US dealer or fiduciary, which is included under the general definition for all US customers. Finally, the text includes a clause that any entity organized for the purpose of evading US securities laws is excluded from the definition, highlighting the unique regulatory focus on compliance and international trade regulations.

Title

Danske Bank

Description

We are a Nordic bank with strong local roots and bridges to the rest of the world.

Keywords

bank, cookies, website, information, person, more, services, investment, sustainability, customer, investor, business, report, personal, data, content, customers

NS Lookup

A 212.93.59.102, A 212.93.61.102

Dates

Created 2025-11-09

Updated 2026-02-10

Summarized 2026-03-20