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CL-1.1.2

Past version: Effective from 18 Jul 2025 to 30 Jun 2007
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An investment firm licensee 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 agreed by him; and
(c) the document in which that client's consent is requested by the investment firm licensee gives clear information to him on:
(i) the obligations and responsibilities of the investment firm licensee and/or of the clients for whose account the investment firm licensee has been allowed to use the client's financial instruments, with respect to the use of the financial instruments (including the terms for the restitution of the financial instruments); and
(ii) the risks involved.