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4.21.2

A Trading Member must:

(a) maintain a list of Remisiers working in teams, according to the teams they work in;
(b) establish in writing the terms and conditions of each team arrangement with its Remisiers. The terms and conditions must include:
(i) how possible disputes amongst Remisiers working in teams are to be resolved; and
(ii) that Remisiers working in a team shall be jointly and severally liable for losses incurred by customers serviced by the team where such losses are not recovered;
(c) ensure that Remisiers working in teams will not compromise their compliance with all relevant legislation and regulations; and
(d) monitor team operations to ensure there is no overtrading, and that irregularities do not occur.

Added on 3 June 20193 June 2019.