Risks of Client Assets received or held outside Hong Kong: The Client acknowledges and agrees that the client assets received or held by NECHK outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the SFO and the rules made thereunder. Consequently, the Client’s assets may not enjoy the same protection as that conferred on the Client’s assets received or held in Hong Kong. In relation to non-Hong Kong securities or securities held outside Hong Kong, NECHK or NECHK’s agent can, without specific authority from the Client: (a) deposit any of the Client’s non-Hong Kong securities with any third parties outside Hong Kong including without limitation banks, securities dealers or lending institutions as collateral for any financial accommodation provided to NECHK; (b) borrow or lend any of the Client’s non-Hong Kong securities with any third parties outside Hong Kong including without limitation banks, securities dealers or lending institutions; or (c) deposit any of the Client’s non-Hong Kong securities with any third parties outside Hong Kong including without limitation banks, securities dealers or lending institutions as collateral for the discharge and satisfaction of NECHK’s settlement obligations and liabilities.
Risks of Client Assets received or held outside Hong Kong: The Client acknowledges and agrees that the client assets received or held by Suntek outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the SFO and the rules made thereunder. Consequently, the Client’s assets may not enjoy the same protection as that conferred on the Client’s assets received or held in Hong Kong.
