Common use of Laws and Rules Clause in Contracts

Laws and Rules. 2.1 All Exchange Traded Stock Options Business shall be effected in accordance with all laws, rules and regulatory directions (the “Rules”) applying to Evergrande Securities (Hong Kong). This includes the Stock Options Trading Rules of the SEHK, the Clearing Rules of the SEHK Option Clearing House Limited (“SEOCH”) and the rules of the Hong Kong Securities Clearing Company Limited(“HKSCC”). In particular, SEOCH has authority under the Rules to make adjustments to the terms of Contracts, and Evergrande Securities (Hong Kong) shall notify the Client of any such adjustments which affect Client Contracts to which the Client is a party. All actions taken by Evergrande Securities (Hong Kong), by the SEHK, by the SEOCH or by the HKSCC in accordance with such Rules shall be binding on the Client. 2.2 The Client agrees that the terms of the Standard Contract for the relevant Stock Options series shall apply to each Client Contract between Evergrande Securities (Hong Kong) and the Client, and that all Client Contracts shall be created, exercised, settled and discharged in accordance with the Rules.

Laws and Rules. 2.1 All Exchange Traded Stock Options Business shall be effected in accordance with all laws, rules and regulatory directions (the “Rules”) applying to Evergrande Securities (Hong Kong). This includes the Stock Options Trading Rules of the SEHK, the Clearing Rules of the SEHK Option Clearing House Limited (“SEOCH”) and the rules of the Hong Kong Securities Clearing Company Limited(“HKSCC”). In particular, SEOCH has authority under the Rules to make adjustments to the terms of Contracts, and Evergrande Securities (Hong Kong) shall notify the Client of any such adjustments which affect Client Contracts to which the Client is a party. All actions taken by Evergrande Securities Xxxxxxxxxx Xxxxxxxxxx (Hong Kong), by the SEHK, by the SEOCH or by the HKSCC in accordance with such Rules shall be binding on the Client. 2.2 The Client agrees that the terms of the Standard Contract for the relevant Stock Options series shall apply to each Client Contract between Evergrande Securities (Hong Kong) and the Client, and that all Client Contracts shall be created, exercised, settled and discharged in accordance with the Rules.