MIR-4.7.7
Past version: Effective from 01 Apr 2013 to 31 Dec 2018
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A
(a) That client has given his express consent in writing;
(b) The use of the client assets is restricted to the terms and conditions stipulated on the agreement agreed and signed by it; and
(c) The agreement in which that client's consent is requested by the member gives clear information to him on:
(i) The rights, obligations and responsibilities of the member and/or of the clients for whose account the member has been allowed to use the client's assets , with respect to the use of such assets;
(ii) The risks involved; and
(iii) Where a licensed broker-dealer is eligible to be appointed as a market maker , such member discloses to its client the existence of the market making agreement entered into between the licensed member and the licensed exchange and written consent is obtained from the client stating his awareness of the market making arrangement between the member and the licensed exchange and that he has fully understood the potential risk and conflict of interest associated with such activities.
Amended: April 2013
Adopted January 2010
Adopted January 2010