Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p42
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 111989–114747

memorandum issued by an Issuer which sets out the particular features of, and rights and obligations attaching to, a Partly Paid Security before the Client places an order to buy a Partly Paid Security;
(c)        the Client may be required to make further payments on a Partly Paid Security and that a failure to make a further payment by the specified date(s) may result in an Issuer of a Partly Paid Security or their associates or agents taking action, including legal action, against the Client to recover the outstanding payments and/or may result in the forfeiture of the Client's entitlement to the Partly Paid Security;
(d)       in certain circumstances the Client may be required to make a further payment on a Partly Paid Security despite the fact that the Client may have disposed of a Partly Paid Security prior to the date that a further payment falls due;
(e)        the Client should monitor announcements made by the Issuer of a Partly Paid Security and that it is the responsibility of the Client to inform themselves of the dates or circumstances that a further payment falls due and the last day that the Client can dispose of the Partly Paid Security before the Client becomes required to make a further payment; and
(f)        the amount of a further payment may be unrelated to the financial performance of a Partly Paid Security and that the amount of the further payment may exceed the intrinsic value of a Partly Paid Security at the time a further payment falls due.

3.1.10 Other terms of Client Agreements
For the avoidance of doubt, a Client Agreement may include other disclosures, acknowledgements, terms and conditions agreed between a Market Participant and a Client, or required to be included under the operating rules of the Market to which the Client Agreement relates, provided they are not inconsistent with the requirements of Rules 3.1.7, 3.1.8 and 3.1.9.

3.1.11 Market Participant to keep copy of Client Agreement and disclosures
A Market Participant must retain a copy of each Client Agreement and any disclosures made under this Part for at least seven years following the date on which the Client Agreement, or the arrangement the subject of the disclosure, is terminated.

3.1.12 Client agreement where Market Participant is not the Clearing Participant (Options Market Transactions only)
Before entering into an Options Market Transaction on a Market for a person (the Client), where a Market Participant:
 1.         is not a Clearing Participant, who is permitted under the Clearing Rules to clear that Options Market Transaction; or
(b)       is a Clearing Participant, who is permitted under the Clearing Rules to clear that Market transaction, but has an arrangement with another Clearing Participant to