12.3.1 Individual Customer Account
Before opening an individual customer account on its books, a Trading Member must:—
Refer to Practice Note 12.3.1, Practice Note 12.3.1, 12.3.2 and Practice Note 12.3.1, 12.3.4.
Amended on 1 July 20161 July 2016.
12.3.2 Corporate Customer Account
Before opening a corporate customer account on its books, a Trading Member must:—
Refer to Practice Note 12.3.1, 12.3.2.
Amended on 3 April 20083 April 2008, 1 July 20161 July 2016 and 8 October 20188 October 2018.
12.3.3 Agency Customer Account
For an agency customer account carried on the books of a Trading Member, the Trading Member must have on file:—
Amended on 1 July 20161 July 2016.
12.3.4 Joint Customer Account
Refer to Practice Note 12.3.1, 12.3.4.
Amended on 14 May 200914 May 2009 and 1 July 20161 July 2016.
12.3.5 Approval of Customer Accounts
Amended on 1 July 20161 July 2016.
12.3.6 Risk Acknowledgement Statement
A Trading Member must ensure that the customer is aware of and must obtain a written acknowledgement from the customer that the customer is aware of and understands the risks associated with holding and trading securities and futures contracts in accordance with:
Amended on 3 April 20083 April 2008, 18 September 201218 September 2012, 19 May 201419 May 2014, 29 December 201429 December 2014 and 8 October 20188 October 2018.
12.3.7 Separate Trading Accounts and Account Designation
Amended on 18 September 201218 September 2012, 26 April 201326 April 2013 and 1 July 20161 July 2016.
12.3.8
In this Rule 12.3, a customer account on the books of a Trading Member includes an account of a Trading Representative.
Amended on 1 July 20161 July 2016.