Except where a Trading Member borrows securities from an Accredited Investor, if a Trading Member borrows or lends securities to any person, it must obtain collateral in accordance with this Rule 17.3 and meet its obligations under Regulation 45(5) of the Securities and Futures (Licensing & Conduct of Business) Regulations.

Added on 27 January 201227 January 2012.

Amended on 18 September 201218 September 2012.