We are making these changes in accordance with our right in clause 19.1 of the Terms, which allows us to vary our Terms with written notice of such variation given to you.
These changes will take effect on and from the 19th of July 2023 the ("Effective date"). Certain regulatory changes will take effect on the date the relevant regulation comes into force (this is explained in further detail below).
The terms of the new Terms will apply to all business you place with us after the Effective date. The changes will not affect business you placed with us before the effective date unless we and you are legally required to comply with such changes under applicable regulatory requirements.