Common use of YOUR AUTHORISED PERSONS Clause in Contracts

YOUR AUTHORISED PERSONS. 9.1. You may allow First Degree Relatives to trade with us through your Account (“Authorised Persons”) provided that we have given our prior written consent to this and we have received period. Where during the 14 (fourteen) days (or in such shorter time period we may set at our sole discretion) since the date of remittance of the Initial Funds and before the KYC process is completed, you remit to us amounts exceeding in total (including the Initial Funds) the De Minimis KYC Limit, such funds will be immediately returned to you, to the account from which they were remitted. In the event of closure of the Account, the Company shall debit the account for all payment charges. The processing of the remittance of your funds will take place within 1 (one) Business Day from the date of occurrence of the relevant event triggering such a remittance in accordance with this Clause 7. all the documentation required by us for this purpose, including without limitation, all customer identification and KYC documentation, proof of relationship and any documentation in relation to such Authorized Persons’ knowledge and experience allowing us to determine whether CFDs trading is appropriate to them, in accordance with the terms of this Agreement which we require in respect of such Authorised Persons. 9.2. No Authorized Person of a Customer can act as an Authorized Person of any other Customer. 9.3. Our customer identification procedures and any procedures in relation to our assessment of knowledge and experience and whether CFDs are appropriate to any customer, will be applied by us