Common use of Applicable Laws and Rules Clause in Contracts

Applicable Laws and Rules. 3.1 All Exchange Traded Options Business under the Stock Options Account shall be effected in accordance with all laws, rules and regulatory directions (the “Rules”) applying to KGI Asia, which include the Options Trading Rules of SEHK, the Clearing Rules of SEOCH and the rules of HKSCC; and in particular, SEOCH has authority under the Rules to make adjustments to the terms of Contracts, and KGI Asia should notify the Client of any such adjustments which affect Client Contracts to which the Client is a party, and all actions taken by KGI Asia, by SEHK, by SEOCH or by HKSCC in accordance with such Rules shall be binding on the Client.

Applicable Laws and Rules. 3.1 All Exchange Traded Options Business under the Stock Options Account shall be effected in accordance with all laws, rules and regulatory directions (the “Rules”) applying to KGI Asia, which include the Options Trading Rules of SEHK, the Clearing Rules of SEOCH and the rules of HKSCC; and in particular, SEOCH has authority under the Rules to make adjustments to the terms of Contracts, and KGI Asia should notify the Client of any such adjustments which affect Client Contracts to which the Client is a party, and all actions taken by KGI Asia, by SEHKXXXX, by SEOCH or by HKSCC in accordance with such Rules shall be binding on the Client.