Important changes to our T&Cs Dear Affiliate,
As per Provision 4 of the Introductory Provisions of our existing Terms and Conditions (“T&Cs?, this email serves as notice that Kindred Affiliates is changing part of the Agreement which governs our business relationship.
The main changes to the Agreement are highlighted below and a full copy of our updated T&Cs can be found here.
Main Changes:
?1.4. With respect to the European Union Fourth Anti-Money Laundering Directive, laws on the prevention of money laundering and financing of terrorism and in line with Kindred Group’s policy of Supplier Due Diligence, the Affiliate will be required to verify their identity by providing copies of personal and, where applicable, company identification and registration documents.
?3.2. At all times the Affiliate agrees to be bound by the Kindred Affiliates Advertising Guidelines, a copy of which is available here.
?6.6. The Company reserves the right to reduce the Commission/change the Reward Plan if:
3. the Affiliate does not generate a minimum of 6 New Depositing Customers in a period of 3 months, except in markets where affiliate activity is restricted (e.g. Netherlands)
?13.2. The Company may terminate this Agreement immediately by written notice if:
5. If the Affiliate does not generate any New Depositing Customers for a period of 6 months, except in markets where affiliate activity is restricted (e.g. Netherlands)
Other changes:
- Term 3.10, point 8: provided additional examples of how affiliates might seek to ‘alter monies payable to the Affiliate?/li>
- Term 3.10, point 13: added ‘regulatory requirements?/li>
- Term 6: Clarification on when and how to invoice Unibet Services Limited.
You will be asked to accept these changes when you next log in to your Kindred Affiliates account, however, please note that your continued participation in the Kindred Affiliates Program after these changes have been posted constitutes your binding acceptance of such changes.
What we are doing:
1) Updating our T&Cs in light of the increasingly complex and challenging regulatory and compliance environment, which many of you will be familiar with.
2) Seeking to form closer relationships with affiliates that are compliant, verified and share our values and long-term business aims.
What we are not doing:
1) Closing any part of our affiliate program or reducing our commitment to work with affiliates to achieve sustainable growth and shared success.
2) Automatically applying any changes to how you are currently rewarded. Communications relating to Terms 6.6 point 3. and 13.2 point 5. will form the starting point of a dialogue, not the end point.
If you have any questions or concerns as a result of these changes, please contact your Affiliate Manager, or myself directly: [email protected]
Kind regards,
Ryan Henderson
Head of Affiliates