Safekeeping of Securities. Any Securities held by CIF for safekeeping pursuant to these Terms may, at CIF' discretion and subject to applicable laws and regulations: (i) in the case of registerable securities) be registered in the name of the Client or in the name of CIF or its Associate; or (ii) be deposited in safe custody in a designated account of CIF with a bank or other institutions which provides facilities for the safe custody of Securities and documents relating thereto. In the case of securities in Hong Kong, such institution shall be acceptable to the Securities and Futures Commission as a provider of safe custody services.
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Sources: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement