Back Custom print Link Text Only Rich Text Print

  • Terms of Business

    • BC-2.4.2

      Investment firm licensees must provide their retail clients with their terms of business, setting out the basis on which the regulated investment services are to be conducted.

    • BC-2.4.3

      The terms of business in relation to providing regulated investment services to a retail client must take the form of a client agreement.

    • BC-2.4.4

      The terms of business must include the rights and obligations of parties to the agreement, as well as other terms relevant to the regulated investment services. The terms of business must include, but are not limited to, the items included in Paragraph BC-2.12.2.

    • BC-2.4.5

      An application form in relation to regulated investment services will be deemed to be a client agreement, provided the form includes the principal terms and conditions of the service, such that the client is provided sufficient information to allow him to understand the basis on which the service is to be conducted.

      Amended: January 2007

    • BC-2.4.6

      The client agreement must be provided in good time prior to providing the regulated investment service, and it must set out or refer to, among other matters, the rights and obligations of the parties to the agreement, and the terms on which the service is to be conducted.

    • BC-2.4.7

      For the purposes of Rule BC-2.4.6, "good time" should be taken to mean sufficient time to enable the client to consider properly the service or financial instrument on offer before he is bound.