THE RULES. 1.1 Under the Rules, we are required to provide the identity and contact details of the ultimate beneficiary for whom they process a transaction as well as the person(s) who give(s) instructions in relation to that transaction (the "Client Information") to the Hong Kong Regulators within two business days of any request originating from them. In exceptional market circumstances, the Client Information may have to be available very shortly after the request. 1.2 We understand that if you act for third parties as agent you may not wish to disclose the identities of your clients to us. This has been recognised by the Hong Kong Regulators who allow us to comply with the Rules if you agree to provide the Client Information to the Hong Kong Regulators directly. 1.3 You hereby agree and acknowledge that if you effect transactions for your own account or for the account of your clients or other persons, whether on a discretionary or non- discretionary basis, and whether as agent or by entering into matching transactions as principal with your clients or other persons, that in relation to Relevant Transactions where we have received an enquiry originating from the Hong Kong Regulators, the following provisions shall apply:
Appears in 11 contracts
Sources: Professional Client Agreement, Eligible Counterparty Agreement, Professional Client Agreement