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MIR-4.7.7

Past version: Effective from 15 Dec 2009 to 31 Mar 2013
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A member may only use a client's assets for its own account, and/or for the account of any of its other clients if:

(a) That client has given his express consent in writing;
(b) The use of the client assets is restricted to the terms and conditions stipulated on the agreement agreed and signed by it; and
(c) The document in which that client's consent is requested by the member gives clear information to him on:
(i) the rights, obligations and responsibilities of the member and/or of the clients for whose account the member has been allowed to use the client's assets, with respect to the use of such assets; and
(ii) the risks involved.
Adopted January 2010