Prudential Brokerage Clause Samples
The Prudential Brokerage clause defines the terms under which brokerage services are provided by Prudential, including the scope of services, compensation, and responsibilities of both parties. Typically, this clause outlines how Prudential will act as an intermediary in transactions, the fees or commissions it will receive, and any disclosure or compliance obligations. Its core function is to establish clear expectations and legal boundaries for the brokerage relationship, thereby reducing misunderstandings and ensuring regulatory compliance.
Prudential Brokerage. Limited may provide data received from the client to the following persons:-
(i) any other subsidiaries of Prudential Brokerage Limited；
(ii) any nominees in whose name Securities or other assets may be registered；
(iii) any contractor, agent or service provider which provides administrative, data financial, computer, telecommunication, payment or Securities clearing, financial, professional or other services to Prudential Brokerage Limited or to any other subsidiaries of Prudential Brokerage Limited or to any other person to whom data is passed；
(iv) any person with whom Prudential Brokerage Limited enter into or propose to enter into transaction on his behalf or account, or persons representing the same；
(v) any assignee, transferee, participant, sub-participant, delegate, successor or person to whom this Agreement is novated； and
(vi) governmental, regulatory or other bodies or institutions, whether as required by law, regulations applicable to any subsidiary of Prudential Brokerage Limited, or otherwise.