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  • Client Agreements and Statements

    • MIR-4.7.24

      Before the member undertakes any regulated activities or services mentioned under paragraph MIR-1.1.2 they must notify the client as to the appropriate terms and conditions which apply to each service or arrangement and sign the prescribed agreement(s). The agreement must cover, at a minimum, the following matters, wherever applicable:

      1. Representations and warranties by the client;
      2. Acknowledgements by the client;
      3. Clients' orders and instructions;
      4. Settlement and clearing services;
      5. Commission and charges;
      6. Information and advice;
      7. Undertaking of the client;
      8. Members responsibilities;
      9. The right to object to withdrawal or transfer of securities;
      10. Correspondence and confirmation;
      11. Terms and termination;
      12. Joint liability;
      13. Force Majeure;
      14. Severability;
      15. Notices: client; member;
      16. Amendment of the agreement; and
      17. Law and jurisdiction.
      Adopted January 2010

    • MIR-4.7.25

      The specimen of the abovementioned agreement shall be provided in the business rules of the SRO, as the case may be. The specimen shall contain the minimum requirements and information.

      Adopted January 2010