CmaBylaw
Executive Bylaws
6-1-5 Duty of Care Of Module Seven: Clients’ Funds and Clients’ Assets
Section: Chapter Six: A Qualified Securities Broker Registered in the Exchange
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Sunday, 05 February 2017
A Licensed Person shall always consider Client’s benefit and endeavours to achieve his Clients’ benefits and care for their investment. He shall particularly comply with the following: 1. He shall enable a Client to exercise all his rights arising from his ownership of Securities, such as rights of taking any action on Securities, voting, nomination and appointment to Boards. The Licensed Person may not exercise any such rights on behalf of the Clients. 2. He shall commit to establishing one account for each Client in the licensed person correct, this account shall be restricted to one client only. 3. He or his employees shall be responsible for any mistake that may occur while executing Clients’ transactions and orders. He shall take necessary actions to recover the same. Defaults of gross negligence or bad intention or deliberate violations of the Licensed Person’s duties in managing Client’s investments shall not be waived. 4. He shall keep in safekeeping documents which prove ownership in the name of the Client.
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