Circular on Execution of Client Mandates
By this Circular, Dealing Members are advised to refer to Article 93 of the Rules and Regulations Governing Dealing Member Firms which states that “a Dealing Member shall obtain confirmed orders from its clients before placement of an order on the system and shall keep records of same upon completion or otherwise”. Furthermore, Article 95(b) states that “a Dealing Member shall not access a client's account without a confirmed order or mandate”.
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