To share checking accounts, we will simply ask you to log into your internet banking during the process. Thanks to open banking, these steps will take place in full respect of your privacy. If you prefer, instead of linking your bank accounts, you can simply upload PDFs of your statements as found in your internet banking.

It is part of the modernisation of the legislative framework of the European retail payments market, aimed at developing secure, efficient, competitive and innovative electronic payment systems for consumers, businesses and merchants. PSD2 introduces three new entities (Third-Party Providers) to work alongside banks in the provision of payment services:

• The PISP (Payment Initiation Services Providers) offer payment order disposition services that allow a payment to be made online through an entity other than the bank where the account is held; in short, customers can make a payment without having to visit their bank's website.

• Account Information Services (AIS) offer online payment account information services that provide aggregated information on one or more online accounts held at different banks. For example, with AIS, consumers have the ability to have all the information from different accounts on a single platform.

• The CISP (Card Issuers Service Providers) offer services to confirm the availability of funds in the case of payments made with debit cards issued by an operator other than their own bank. These providers can check the availability of funds on a customer's bank account to enable a payment to be finalised. All of the new services offered by these third parties are delivered under the paradigm of so-called open banking, i.e., data sharing among the various players in the banking ecosystem. Open banking gives full power of choice to the customer who can authorize third parties to read his account data or process payments on his behalf.

Translated with www.DeepL.com/Translator (free version)

If the client is a stock company:

• it is an indication of direct ownership if a natural person owns more than 25% of the company's capital;

• indirect ownership means ownership of a percentage of shares exceeding 25% of the company's capital, held through subsidiaries, trust companies or intermediaries.

In the event that examination of the ownership structure does not make it possible to identify unequivocally the natural person or persons to whom the direct or indirect ownership of the company can be attributed, the beneficial owner coincides with the natural person or persons to whom, in the final instance, control of the same can be attributed by virtue of

• of the control of the majority of the votes that can be exercised at the ordinary shareholders' meeting;

• control of sufficient votes to exercise a dominant influence at the ordinary shareholders' meeting;

• the existence of particular contractual constraints that allow the exercise of a dominant influence.

Should the application of the criteria set out in the previous paragraphs not allow for the unequivocal identification of one or more beneficial owners, the beneficial owner shall coincide with the natural person or persons holding, in accordance with their respective organisational or statutory structures, powers of legal representation, administration or management of the company, in any event different from the natural person. In the event that the client is a private legal entity, pursuant to Presidential Decree no. 361 of February 10, 2000, the following are cumulatively identified as beneficial owners:

• the founders, when alive;

• the beneficiaries, when identified or easily identifiable;

• the holders of powers of legal representation, management and administration.