BC-2.7.20
Past version: Effective from 31 Oct 2025 to 30 Jun 2007
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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.