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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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5-11 Of Module Eight: Conduct of Business
Section: Chapter Five: Best Execution of Client Orders
  • Sunday, 12 February 2017

    Upon execution of any purchase or sale of a Security, a Licensed Person must send to the Client a notification related to execution of such deal, as long as the Client waives such notification, according to the form prepared by the Licensed Person, and the notifications must particularly include the following: a. Client’s account number. b. Name of the Licensed Person. c. Name of the Client. d. Date of receiving the order from the Client. e. Date and time of order execution. f. Type of deal whether it is a sale or a purchase. g. Name of Security subject of the deal. h. Volume, price, commission, the net value and the total price of the deal. i. Mechanism of executing the deal, whether through a written order, phone call or an electronic mail. j. Currency in which the transaction was implemented. The Licensed Person must prepare notifications on executing Securities deals, and send them on the same day of the execution of the deal.

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