Common use of Authorization to Disclose Clause in Contracts

Authorization to Disclose. Client acknowledges that CIF may be required to disclose information in relation to the Account or Client to any governmental, regulatory or other bodies, authorities or institutions pursuant to the HKEx, HKFE Rules, the rules or regulations of other exchanges or clearing houses on which CIF or its brokers or agents enter into transactions in relation to the Account or pursuant to any applicable law. Client hereby irrevocably authorizes CIF, without further notice to or consent from Client, to disclose to the relevant bodies, authorities or all such information (including the name and the Beneficial Identity of Client, any equities, open positions held on behalf of Client and the financial position of Client for the time being as may be known to CIF) and to provide them with all such documents which are in CIF 's possession, in each case, as may be requested or required by such bodies, authorities or institutions (whether or not such request or requirement is enforceable). Client shall not in any way hold CIF liable for any consequences arising out of such disclosure, and Client shall on demand reimburse CIF of all costs and expenses (if any) incurred by it in complying with such request or requirement for disclosure.