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3.10.4

If a Trading Member seeks to mortgage, pledge or hypothecate the Specified Products or property of any customer who operates a margin financing account (such account being an account carried on the books of the Trading Member) with it, it shall obtain authorisation of such customer to do so, and only in respect of a sum not exceeding the debit balance in the margin financing account and without obligation to retain in its possession or control Specified Products of like character. The Trading Member shall also ensure that it is given the discretion to sell or dispose of any or all the Specified Products in any manner in order to meet with the prescribed margin financing requirements.

Added on 3 June 20193 June 2019.