(1) Where a Member authorises Sponsored Access for its Customers, in addition to the requirements set out in Rule 2.1.2, the Member must:—
(a) maintain a register recording the identity and address of all Customers with Sponsored Access;
(b) produce to the Exchange the register referred to in Rule 2.1.2A(1)(a) at such time as the Exchange requires; and
(2) Where a Member permits the delegation of Sponsored Access by its authorised Customer and any other persons: —
(a) the Member must have measures to ensure that the authorised Customer and any other persons delegating Sponsored Access:
(i) are persons regulated by a recognised regulatory authority in respect of any regulated activity; or
(ii) where such persons are not regulated in accordance with Rule 2.1.2A(2)(a)(i), that such persons are Members of the Exchange, and that such persons shall only be permitted to delegate Sponsored Access to their Related Corporations; and
(b) the Member must include in the legally binding agreement referred to in Rule 2.1.2(1)(d) the requirement for such Customer and any other persons delegating Sponsored Access to ensure that all persons with Sponsored Access are included in the register referred to in Rule 2.1.2A(1)(a) and subject to the requirements set out in Rule 2.1.2A(1)(c).
For the purpose of this Rule 2.1.2A, "recognised regulatory authority" refers to a signatory to the International Organization of Securities Commissions' Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, and "regulated activity" shall have the same meaning as in the Act.
Added on 15 March 201315 March 2013 and Amended on 18 January 2022.