SAFE CUSTODY. The Bank undertakes to use the same care with the assets entrusted to it as it observes in connection with its own assets. Custody Property which are: (a) listed or traded on the SEHK or are interests in collective investment schemes authorised by the SFC under Section 104 of the SFO, and (b) received or held in Hong Kong by or on behalf of the Bank in the course of the conduct of its Dealing Services or Discretionary Management Services or by an “associated entity” of the Bank in relation to the conduct of such activities (“associated entity” shall bear the meaning in Part 1 of Schedule 1 to the SFO). will be held and received in accordance with the Securities and Futures (Client Securities) Rules, Chapter 571H of the Laws of Hong Kong.
Appears in 3 contracts
Sources: Customer Agreement, Customer Agreement, Customer Agreement