China Connect Securities and China Connect Rules. The China Connect Rules may be amended or changed from time to time, and such rules may be subject to any amendments or changes to the trading rules of the China Connect Markets and/or the SEHK, and any relevant regulations. The China Connect Rules and other relevant regulations in respect of the China Connect Securities and China Stock Connect are still subject to development, and there is uncertainty and risk as to the scope, application, and interpretation of the China Connect Rules and other relevant regulations, including any new taxes, fees or levies and whether the arrangements contemplated under this Agreement (including Schedule IA) are permitted under the relevant regulations. The China Connect Markets may request the SEHK to require CMSHK to issue warning statements (verbally or in writing) to the Customer, and not to extend Northbound Trading services to the Customer. The China Connect Markets may be closed, or trading on the China Connect Markets may be suspended, whether temporarily or permanently. The Customer may incur loss in the event that the China Connect Authorities determine that these arrangements are not permitted or in the event of any change to the China Stock Connect, or regulations in respect of China Connect Securities, the China Connect Securities available for trading through the China Stock Connect, or the suspension or closure (whether temporary or permanent) of the China Stock Connect. For example, the Customer may find he is not able to acquire, dispose of or hold certain China Connect Securities or its entitlements in the event of certain changes to the China Connect Rules, which may affect the investment portfolio or strategies of the Customer or cause the Customer to incur loss. CMSHK is not liable to the Customer in relation to such determination or change or the consequences of such determination or change. HKSCC, SEHK, the SEHK Subsidiaries, the China Connect Markets and their respective directors, employees and agents shall not be responsible or held liable for any loss or damage directly or indirectly suffered by CMSHK, the Customer, special participants and non-clearing participants of CCASS (if applicable) or any third parties arising from or in connection with Northbound Trading, the China Connect Clearing Services (as defined under the General Rules of the Central Clearing and Settlement System), the China Stock Connect System (as defined under the Rules and Regulations of The Stock Exchange of Hong Kong Limit...
