Common use of Position Limits and Reportable Large Open Position Clause in Contracts

Position Limits and Reportable Large Open Position. The Client is bound by the HKFE Rules which permits HKFE to take steps to limit the positions or require the closing out of contracts on behalf of the clients who, in the opinion of HKFE are accumulating positions which are or may be detrimental to any particular market(s) or which capable of adversely affecting the fair and orderly operation of any of the market(s) operated by HKFE. GTJAF, at any time in its sole discretion or as required by the relevant rules and regulations, may limit the number of positions, which the Client may maintain or acquire through GTJAF. The Client agrees not to exceed the position limits established by the HKFE or any other exchange or by GTJAF on any contract type, whether acting alone or with others, and to promptly advise GTJAF if the Client is required to file any reports on positions under the Securities and Futures (Contracts Limits and Reportable Positions) Rules (Cap.571Y).

Position Limits and Reportable Large Open Position. (a) The Client is bound by the HKFE Rules which permits HKFE to take steps to limit the positions or require the closing out of contracts on behalf of the clients who, in the opinion of HKFE are accumulating positions which are or may be detrimental to any particular market(s) or which capable of adversely affecting the fair and orderly operation of any of the market(s) operated by HKFE. GTJAF, at any time in its sole discretion or as required by the relevant rules and regulations, may limit the number of positions, which the Client may maintain or acquire through GTJAF. The Client agrees not to exceed the position limits established by the HKFE or any other exchange or by GTJAF on any contract type, whether acting alone or with others, and to promptly advise GTJAF if the Client is required to file any reports on positions under the Securities and Futures (Contracts Limits and Reportable Positions) Rules (Cap.571Y)) directly to the HKFE or through GTJAF as an agent to make the report on its behalf.