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EFTA01399165

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EEA Retain — Project Documentation Background: As a result of the regulatory environment in the EEA, WM Americas decided to further analyze its current EEA account population and identify relationships/accounts meeting financial thresholds established by management and with account holders or primary decision makers residing in the EEA retain approved country list. EEA retain approved country list: Austria, France, Germany, Italy, Netherlands, Spain, Portugal, Germany and UK. EEA account criteria: Individual/joint accounts: account holder and/or primary decision maker resides in the EEA Legal Entity accounts: primary decision maker resides in the EEA Financial Thresholds: CBV >Eur2mm Rev>Eur2Ok EEA Retain Account Population: The initial EEA retain account population was determined based on data stored in WM America systems. Any account with an EEA nexus was included in the initial account population. Subsequently, the accounts in scope were validated by DCO and the FO to confirm the EEA nexus based on the EEA criteria mentioned above. As a result the EEA retain account population was reduced from 163 to 60. EEA Retain Accounts Remediation: For the 60 EEA retain accounts reverse solicitation evidence was required in order to retain the account. Reverse solicitation evidence for existing was obtained through: EEA Bankers attestation form (Internal form) EEA Client declaration form (External form) Each reverse solicitation form was reviewed and approved by DCO and US compliance to ensure requirements were met. Details of the reverse solicitation forms and approval dates were captured on the EEA_Act_Rev_Solicitation_Required_Final file saved on the share drive. Path: Y:\Business Risk\CPI\MiFID II\EEA Remaining Countries\Account Data\Acct Data Rev-Solicitation Required EEA Retain — Brokerage Accounts: Mgmt determined that EEA retain Brokerage accounts need to be transferred to the client service center to meet reverse solicitatio

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