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    <title>Members may not act as principals in certain circumstances.</title>
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    <description>Section 15 bars a recognised stock exchange member from contracting as a principal with a non member unless the non member consents and the member discloses his principal capacity in the transaction document; non written consent must be confirmed in writing within three days, while closing out outstanding bye law contracts may be done without prior written consent if the member discloses he is acting as principal.</description>
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