Whole Section

  • 13.1 Acting as Principal

    • 13.1.1

      If a Trading Member or its Trading Representative wants to trade as principal with a customer who is not a holder of a Capital Markets Services Licence, the customer must first be informed.

      Amended on 29 December 201429 December 2014.

    • 13.1.2

      This Rule shall apply only to a Trading Member that holds a Capital Markets Services Licence. Any contract note relating to the above transaction must show that the Trading Member or Trading Representative acted as principal.

      Amended on 19 May 201419 May 2014 and 29 December 201429 December 2014.

    • 13.1.3

      This Rule does not apply to trades that are matched on the Trading System without the Trading Member's or Trading Representative's knowledge.

      Amended on 3 April 20083 April 2008.