Standing Authority Clause Samples
The Standing Authority clause grants ongoing permission or power to a designated party to act on behalf of another, typically within specified limits or for certain types of transactions. In practice, this might allow an agent to execute contracts, make decisions, or perform actions without needing to seek repeated approval from the principal each time. This clause streamlines operations and ensures efficiency by reducing administrative delays, while also clarifying the scope of delegated authority to prevent misunderstandings or unauthorized actions.
Standing Authority. 常設授權
12.1 The Client Money Standing Authority covers money held or received by the Company in Hong Kong in one or more segregated account(s) on the Client's behalf ("Monies"). Segregated account(s) including any account(s) designated as client account(s) established and maintained in or outside Hong Kong. 客戶款項常設授權涵蓋本公司為客戶在香港收取或持有並存放於一個或多個獨立帳戶內的款項 (下稱「款項」) 。獨立賬戶包括在香港或香港以外地方設立及維持並標明為客戶賬戶之任何賬戶。
12.2 The Client authorizes the Company to: 客戶授權本公司：
12.2.1 combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by the Company and the Company may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client's obligations or liabilities to the Company, whether such obligations and liabilities are actual or contingent, primary or collateral, secured or unsecured, or joint or several; and 組合或合併本公司所持有之任何或全部獨立帳戶，無論任何性貨、單獨或共同擁有，而本公司可將該等獨立帳戶內任何數額之款項於各帳戶間作出轉移，以履行客戶對本公司的義務或法律責 任，不論此等義務和法律責任是確實、或然、主要或扺押、有擔保或無擔保、共同或分別；及
12.2.2 transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by the Company. 從本公司於任何時候持有之任何獨立帳戶之間來回調動任何數額之款項。
12.2.3 receive and/or hold Monies in any segregated account(s) opened and maintained by the Company with its nominated Assets broker(s) at the Company’s own discretion (“Nominated Broker”) for the purposes of dealing in the Client’s transactions; and/or 存入及／或持有款項於本公司全權所指定的證券或其他資產及/或期貨經紀（“指定經紀”）之開設及持續的任何獨立賬戶，以用作客戶之交易；及/或
12.2.4 transfer Monies interchangeably between the segregated account(s) opened and maintained by the Company in Hong Kong and the segregated account(s) opened and maintained by the Company with the Nominated Broker. 從本公司在香港設立的獨立賬戶及指定經紀在獨立賬戶之間來回調動。
12.3 The Client Securities Standing Authority is in respect of the treatment of the Client's Assets or collateral as set out below in this Clause 12. 客戶證券或其他資產常設授權是有關處置客戶之證券或證券抵押品或其他資產，詳列於此條款及條件之第 12 條。
12.4 The Client authorises the Company to: 客戶授權本公司：
12.4.1 deposit any of the Client's collateral with an authorized financial institution as collateral for financial accommodation provided to the Company; 將任何客戶之證券抵押品或其他資產存放於認可財務機構，作為該機構向本公司提供財務通融之抵押品；
12.4.2 deposit any of the Client's collateral with HKSCC as collateral for the discharge and satisfaction of the settlement obligations and liabilities of the Company. The Client understands that HKSCC will have a first fixed charge over the Client's Assets to the extent of the obliga...
Standing Authority. 26.1 The Client Money Standing Authority covers money held or received by the Company in Hong Kong (including any interest derived from the holding of the money which does not belong to the Company) in one or more segregated account(s) on the Client’s behalf (“Monies”).
26.2 The Client authorizes the Company to:
26.2.1 combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by the Company or any of the Company’s Group Companies and the Company may transfer any sum of Monies to and between such segregated account(s) to satisfy the Client’s obligations or liabilities to the Company or any of the Company’s Group Companies, whether such obligations and liabilities are actual or contingent, primary or collateral secured or unsecured, or joint or several; and
26.2.2 transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time with the Company or any of the Company’s Group Companies.
26.3 The Client acknowledges and agrees that the Company may do any of the things set out in Clauses 26.2 without giving the Client notice.
26.4 The Client also acknowledges that:
26.4.1 the Client Money Standing Authority is given without prejudice to other authorities or rights which the Company or any of the Company’s Group Companies may have in relation to dealing in Monies in the segregated accounts; and
26.5 Each of the Client Money Standing Authority is valid for a period of 12 months from the date of the Client’s Agreement, subject to renewal by the Client or deemed renewal under the Client Money Rules (as the case may be) referred to in Clause 26.7.
26.6 Each of the Client Money Standing Authority may be revoked by giving the Company written notice addressed to the Administration Manager at the Company’s address specified in the Client’s Agreement or such other address which the Company may notify the Client in writing for this purpose. Such notice shall take effect upon the expiry of 14 days from the date of the Company’s actual receipt of such notice.
26.7 The Client understands that each of the Client Money Standing Authority shall be deemed to be renewed on a continuing basis without the Client’s written consent if the Company issues the Client a written reminder at least 14 days prior to the expiry date of the relevant authority, and the Client does not object to such deemed renewal before such expiry date.
Standing Authority. The Securities and Futures (Client Securities) Rules provide that the Company shall neither deposit nor lend the Margin against loans or advances made to it for any purpose, except with the specific written authority of the Client. Pursuant to Clause 3.1 (Standing Authorities) of the Terms, the Client has agreed to give such specific written authority to the Company.
Standing Authority. 5.1 The Client hereby agrees that during the subsistence of this Securities Margin Trading Agreement and regardless of the Client’s indebtedness to Wintone for the time being, Wintone shall be entitled, with the Client’s standing authority, to deal with the Charged Securities which are securities listed or traded on the SEHK or are interests in a collective investment scheme authorized by the SFC, in the following manner:
5.1.1 apply the securities to a securities borrowing and lending agreement;
5.1.2 deposit any of the securities with an authorized financial institution (as defined in the SFO) as collateral for financial accommodation provided to Wintone; or
5.1.3 deposit the securities collateral with
(i) a recognized clearing house; or
(ii) another intermediary licensed or registered for dealing in securities as collateral for the discharge and satisfaction of Wintone’s settlement obligations and liabilities.
5.2 The Client acknowledges that by granting a standing authority referred to in Clause 5.1 hereof, Wintone shall have the right to pool the Client’s securities and deposit them as collateral for loans and advances. A third party may have right to the Client’s securities which Wintone must satisfy before returning the securities to the Client. This may increase the risk of the Client’s securities, which the Client is prepared to accept.
5.3 The Client may renew or cancel the Client’s standing authority referred to in Clause 5.2 hereof in the manner set out in the authority. Wintone shall remain liable to the Client for the return of equivalent securities to the Client free from encumbrances after full repayment of all outstanding loans under the Facility by the Client.
5.4 The Client further agrees that, with or without the Client’s prior consent, Wintone may deal with any of the Charged Assets which are not securities listed nor traded on the SEHK nor are interests in a collective investment scheme authorized by the SFC, in a manner that is consistent with applicable Market Requirements.
Standing Authority. Date : To : Quest Stockbrokers (HK) Ltd Unit A, 1/F Harbour Commercial Building ▇▇▇-▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇, Hong Kong Dear Sirs, Unless otherwise defined, all the terms used in this authorization letter shall have the same meanings as in the Securities and Futures Ordinance, the Securities and Futures (Client Securities) Rules and the Securities and Futures (Client Money) Rules as amended from time to time. The Client Money Standing Authority covers money held or received by you in Hong Kong or elsewhere in one or more segregated account(s) on my/our behalf (“Monies”).
Standing Authority. 22.1 The client money standing authority covers money held or received by IFHK in Hong Kong in one or more segregated account(s) on behalf of the Customer (“Monies”).
22.2 The Customer hereby expressly confirms and authorizes the client money standing authority granted by the Customer to IFHK to:
(a) Combine or consolidate any or all segregated accounts, of any nature whatsoever and either individually or jointly with others, maintained by IFHK and/or any of its subsidiaries or associated entities from time to time (“iFAST Group”) and IFHK may transfer any sum of Monies to and between such segregated account(s) to satisfy Customer’s obligations or liabilities to any member of IFHK, whether such obligations and liabilities are actual, contingent, primary or collateral, secured or unsecured, or joint or several; and
(b) Transfer any sum of Monies interchangeably between any of the segregated accounts maintained at any time by any member of iFAST Group.
22.3 The Customer hereby expressly confirms and authorizes the client securities standing authority granted by the Customer to IFHK to:
(a) Apply any of Customer’s securities or securities collateral pursuant a securities borrowing and lending agreement;
(b) Deposit any of Customer’s securities collateral with an authorized financial institution as collateral for financial accommodation provided to Customer;
(c) Deposit any of Customer’s securities collateral with Hong Kong Securities Clearing Company Limited (“HKSCC”) as collateral for the discharge and satisfaction of its settlement obligations and liabilities. Customer understands that HKSCC will have a first fixed charge over Customer’s securities to the extent of IFHK’s obligations and liabilities;
(d) Deposit any of Customer’s securities collateral with any other recognized clearing house, or another intermediary licensed or registered for dealing in securities, as collateral for the discharge and satisfaction of Customer’s obligations and liabilities;
(e) Apply or deposit any of Customer’s securities collateral in accordance with clause 23.3 (a), (b), (c) and/or (d) above if IFHK provide financial accommodation to Customer in the course of any other regulated activity for which IFHK is licensed or registered.
22.4 IFHK may carry out any or all of the above acts without giving Customer prior notice. Customer acknowledges that this authority shall not affect IFHK’s right to dispose or initiate a disposal by IFHK’s associated entity of Customer’s securitie...
Standing Authority. 26.1 The Client Money Standing Authority covers money held or received by the Company in Hong Kong (including any interest derived from the holding of the money which does not belong to the Company) in one or more segregated account(s) on the Client’s behalf (“Monies”).
26.2 The Client authorizes the Company to:
Standing Authority. (a) You acknowledge and agree that the Company may do any of the things set out in clauses 3 and 4 of this Authorisation without giving further notice to you.
(b) You also acknowledge that the standing authority: (i) is given without prejudice to other authorities or rights which the Company or any of its Associate may have in relation to dealing in monies or any of the securities in any of the Account(s); and (ii) shall not affect the Company's right to dispose or initiate a disposal by the Company itself or its Associate of your securities or securities collateral in settlement of any liability owed by or on behalf of you to the Company or a third person.
(c) No matter you are professional investor or not a professional investor, the standing authority shall be valid for [1] year, subject to renewal by you in accordance with Company’s policy. It may be revoked by giving the Company written notice addressed to the Customer Service Department of the Company. Such notice shall take effect upon the expiry of two weeks from the date of the Company’s actual receipt of such notice. You understand that this standing authority shall be deemed to be renewed on a continuing basis without your written consent if the Company issues you a written reminder at least 14 days prior to the expiry date of this standing authority and you do not object to such deemed renewal before such expiry date.
Standing Authority. All meetings shall be conducted in accord with Robert’s Rules of Order”.
Standing Authority. (Client Securities) The Customer acknowledges that AGFL may do any of these things without giving the Customer notice. Section I – clause 27.5 Standing Authority (Client Securities) The Standing Authority is given to AGFL in consideration of the Customer’s agreeing to continuously maintain any account for the Customer under AGFL. Section I – clause 27.6 Standing Authority (Client Securities) The Standing Authority is given without prejudice to other authorities or rights which AGFL may have in relation to dealing in securities in the segregated accounts. Section I – clause 27.7 Standing Authority (Client Securities) The standing authority given by the Customer under this Clause 27 is revocable by one (1) month's prior notice in writing served to AGFL by registered mail AND upon full settlement of the Customer's indebtedness to AGFL.