eToro SPAC Presentation Deck

54 бетого Risk factors (5/12) • Non-compliance with laws and regulations, for example with respect to financial services licensing, gambling (if relevant), the marketing or offering of our products or services to customers and consumer protection legislation in the jurisdictions of our customers, could affect the enforceability of our contracts. If regulators conclude that our marketing or financial promotions are not fair or clear, are misleading (for example with respect to zero commission or zero fee services) or otherwise do not comply with applicable laws or regulations we may be exposed to regulatory sanctions or required to alter our marketing strategies in a manner which may impact the development of our business. We may also be subject to litigation, investigations, fines, disgorgement of revenues, sanctions, damages and additional penalties or restrictions that could significantly harm our business. • We may be unable to obtain or acquire additional licenses, registrations or other regulatory approvals which may be required for our business, or be unable to do so without changes to our business model, which may prevent us from servicing customers in certain jurisdictions. Failure to maintain our existing licenses and registrations could significantly harm our business. • Regulatory investigations and settlements could cause us to incur additional expenses or change our business practices in a manner material and adverse to our business, and could significantly damage our reputation. In the past, when risks have materialized, we paid fines and updated our products and services or restricted access to such products and services as required to comply, or otherwise reorganized or discontinued all or part of our business in specific jurisdictions with a view to compliance with applicable regulations or enforcement actions. It is possible that we will need to update or restrict access to our products and services again in the future, or otherwise reorganize or discontinue elements of our business in particular jurisdictions. • We have in place compliance programs to deal with these extensive regulatory obligations, although we cannot guarantee that such compliance programs will be effective in all material respects. As such, we are, and have been, in dialogue with a number of regulators on a number of issues relating to compliance with applicable regulations. While we continue to review and enhance our compliance programs, it may be the case that regulators continue to scrutinize our operations for compliance with applicable regulations and take issue with the manner in which we provide or market, or have provided or marketed, our services and products in their jurisdiction. The result of the aforementioned may be regulatory enforcement action, imposition of fines, changes to our business model or ceasing to do business in particular jurisdictions or in relation to particular products or services, which may or may not have a material impact on the future growth of our business.

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