Common use of Reportable Positions Clause in Contracts

Reportable Positions. If the Client holds or controls an open position in futures contracts or stock options contracts in excess of the specified level, the Hong Kong Rules require the Client to report that position in writing to the relevant Hong Kong exchange (i) within one day (ignoring Hong Kong public holidays and Saturdays) of first holding or controlling that position, and (ii) on each succeeding day on which the Client continues to hold or control that position. The specified reporting level for each contract traded on the Hong Kong exchanges is set out in the Hong Kong Rules. The report must state:

Reportable Positions. If the Client holds you hold or controls control an open position in futures contracts or stock options contracts in excess of the specified level, the Hong Kong Position Rules require the Client you to report that position in writing to the relevant Hong Kong exchange (i) within one day (ignoring Hong Kong public holidays and Saturdays) of first holding or controlling that position, and (ii) on each succeeding day on which the Client continues you continue to hold or control that position. The specified reporting level for each contract traded on the Hong Kong exchanges is set out in the Hong Kong Position Rules. The report must state: