Common use of AUTHORISED THIRD PARTY Clause in Contracts

AUTHORISED THIRD PARTY. 16.1 PandaSt recognises that in some circumstances it may be necessary or desirable for you to authorise someone to manage your account. You do so at your own risk and both you and the person you wish to authorise to operate your account will be required to execute and deliver to PandaSt a leer in the form of a signed Power of Attorney document authorising and appointing such person (an "Authorised Third Party") to operate your account. 16.2 If you have opened an account electronically, and we do not have an original of your signature, you will not be able to appoint an Authorised Third Party until such me as you furnish us with an independently verified example of your signature (i.e. photocopy of your passport or driving license). 16.3 You will be held fully responsible for all actions of the Authorised Third Party. PandaSt shall be entitled to accept instructions from such Authorised Third Party until receipt of a written notice from you stating that the authority of the Authorised Third Party is revoked. Such written notice must be sent to PandaSt Client Services department by registered mail or by personal delivery countersigned by an officer of PandaSt. Upon receipt of this instruction PandaSt shall change your account number and any passwords attributable to it. In any event, PandaSt shall be entitled, and without notice to you, to refuse to accept rom any Authorised Third Party and to treat the appointment of any such Authorised Third Party as terminated.

AUTHORISED THIRD PARTY. 16.1 PandaSt ICM recognises that in some circumstances it may be necessary or desirable for you to authorise someone to manage your account. You do so at your own risk and both you and the person you wish to authorise to operate your account will be required to execute and deliver to PandaSt ICM a leer letter in the form of a signed Power of Attorney document authorising and appointing such person (an "Authorised Third Party") to operate your account. 16.2 If you have opened an account electronically, and we do not have an original of your signature, you will not be able to appoint an Authorised Third Party until such me time as you furnish us with an independently verified example of your signature (i.e. photocopy of your passport or driving licenselicence). 16.3 You will be held fully responsible for all actions of the Authorised Third Party. PandaSt ICM shall be entitled to accept instructions from such Authorised Third Party until receipt of a written notice from you stating that the authority of the Authorised Third Party is revoked. Such written notice must be sent to PandaSt ICM Client Services department by registered mail or by personal delivery countersigned by an officer of PandaStICM. Upon receipt of this instruction PandaSt ICM shall change your account number and any passwords attributable to it. In any event, PandaSt ICM shall be entitled, and without notice to you, to refuse to accept rom any Authorised Third Party and to treat the appointment of any such Authorised Third Party as terminated.