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18.7.1 Approval of Customer's Options Trading Account

(1) No Trading Member shall accept an order from a customer to purchase or write an Option unless the following conditions are satisfied:—
(a) the customer has opened an Options trading account with the Trading Member on such terms as may from time to time be approved or prescribed by the OCC; and
(b) such customer owns a Securities Account.
(2) No Trading Representative of a Trading Member shall recommend to a customer or execute on behalf of a customer an opening Option transaction unless the customer has opened an Options trading account.