SFC Code definition
Examples of SFC Code in a sentence
The Client understands that CAL is required under the Exchange rules and the SFC Code to ensure that the Client is provided with a copy of this Risk Disclosure Statement in a language, which the Client understands, signs and dates, which also contains the declaration by a CAL staff.
In the event of any conflict between the SFC Code of Conduct and the terms and conditions hereof, the SFC Code of Conduct shall prevail.
None of the Company's employees or representatives shall accept appointment by the Client as agent to operate the Client's Account unless a separate agreement is entered into in accordance with the SFC Code of Conduct.
Where the Subscriber is a Corporate Professional Investor, it confirms that it has read the document titled “Notice of Treatment as a Corporate Professional Investor” and acknowledges and agrees to being treated as a Corporate Professional Investor for the purposes of the Code of Conduct for Persons Licensed by and Registered with the Securities and Futures Commission (the SFC Code of Conduct).
However, the SFC Code of Conduct provides that certain requirements may be waived in respect of a client which is treated as a Professional Investor.
As a result of this categorisation, we would not be required to comply with certain requirements or provide certain protections which will otherwise be available to you under the SFC Code of Conduct as more particularly set out in Schedule 2.
Private banks should be aware that placing an order on a “principal” basis may require the relevant affiliated initial purchaser(s) (if any) to categorize it as a proprietary order and apply the “proprietary orders” requirements of the SFC Code to such order.
The Client hereby authorises the Company to apply any such monies, approved debt securities or approved securities in the manner specified under paragraphs 14 to 15 of Schedule 4 to the SFC Code of Conduct and, in particular, that the Company may apply such monies, approved debt securities or approved securities in or towards meeting the Company's obligations to any party insofar as such obligations arise in connection with or incidental to F.
Underlying investor information in relation to omnibus orders should consist of: • The name of each underlying investor; • A unique identification number for each investor; • Whether an underlying investor has any “Associations” (as used in the SFC Code); • Whether any underlying investor order is a “Proprietary Order” (as used in the SFC Code); • Whether any underlying investor order is a duplicate order.
Paragraph 21.3.3(c) of the SFC Code requires that a CMI should take all reasonable steps to identify whether investors may have any associations with the issuer, the CMI or a company in the same group of companies as the CMI and provide sufficient information to the OCs to enable it to assess whether orders placed by these investors may negatively impact the price discovery process.