Penalty for failure to enter client agreement: mandatory sanction with continuing daily liability and an overall cap. A person required by the Securities Contracts (Regulation) Act or by recognised stock-exchange bye-laws to enter into an agreement with a client who fails ... Summary
Penalty for failure to enter client agreement: mandatory sanction with continuing daily liability and an overall cap.
A person required by the Securities Contracts (Regulation) Act or by recognised stock-exchange bye-laws to enter into an agreement with a client who fails to do so is subject to a monetary penalty, comprising a minimum sanction and a continuing daily component for each day the failure continues, subject to an overall maximum cap.
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