BC-2.7.20
Before conducting a transaction with or for a
(a) The circumstances in which the client may be required to provide any margin;
(b) The form in which the margin may be provided;
(c) The steps the investment firm licensee may be required or entitled to take if the client fails to provide the required margin, including:
(i) The fact that the client's failure to provide margin may lead to the investment firm licensee closing out his position after a time limit specified by the firm;
(ii) The circumstances in which the investment firm licensee will have the right or duty to close out the client's position; and
(d) The circumstances, other than failure to provide the required margin, that may lead to the investment firm licensee closing out the client's position without prior reference to him.
Amended: January 2007