Prohibited orders Clause Samples
The 'Prohibited orders' clause defines specific types of orders or instructions that are not allowed under the agreement. Typically, this clause outlines actions such as placing orders for illegal goods, restricted items, or engaging in transactions that violate laws or company policies. By clearly listing what is not permitted, the clause helps prevent unlawful or unethical activities and ensures that all parties understand the boundaries of acceptable conduct, thereby reducing legal and compliance risks.
Prohibited orders. The Client must ensure that:
(i) each Authorised Person accesses the DMA Service in a way that ensures fairness, efficiency and ongoing protection of market integrity;
(ii) it does not place an Order through the DMA Service such that the beneficial ownership of the financial products which are the subject of the Order would not change if the Order were executed;
(iii) it does not take any action, fail to take any action or place any Order through the DMA Service where that Order (or the resulting transaction) would violate or cause or result in the Client, the Intermediary or Openmarkets violating any applicable regulation, including without limitation, any applicable regulation in relation to: A market manipulation, false trading, market rigging, fictitious transactions, wash trading or matching of orders; B ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇; C front running; D fraud; E creation of a disorderly market or otherwise prejudicing the integrity or F the efficiency of the market; or G misleading or deceptive conduct; and
(iv) each Order is submitted in accordance with these terms, or any policy or operational guideline published by Openmarkets from time to time in relation to the DMA Service.
Prohibited orders. Company and its Affiliates will not submit Orders for Software that include(s) encryption technology destined for a Project Country whose Laws prohibit the importation, re-exportation, maintenance, or use of encryption technology.