Third Party Authorisation. 14.1 The Client has the right to use a power of attorney to authorise a third person "Representative" to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The power of attorney should be provided to the Company accompanied by all identification documents of the representative and/or any other documentation requested by the Company. If there is no expiry date, the power of attorney will be considered valid until the written termination by the Client.
14.2 The Client further ratifies and accepts full responsibility and liability for all instructions given to the Company by the Representative (and for all transactions that may be entered into as a result) and will indemnify (fully compensate or reimburse) the Company and keep the Company indemnified against any loss, damage or expense incurred as a result of acting on such instructions. This indemnity shall be effective irrespective of the circumstances giving rise to such loss, damage or expense, and irrespective of any knowledge, acts or omissions of the Company in relation to any other account held by any other person or body with the Company.
14.3 The Client agrees to further indemnify the Company (fully compensate and reimburse) for any loss, damage or expense incurred as a result of the Company acting on instructions of the Representative outside the scope of the Representative authority or the Representative’s breach of any term of their appointment.
Third Party Authorisation. 6.1. The Client has the right to authorise a third person to give Instructions, Requests and Orders to the Company concerning any Transaction, or proposed Transaction, or to handle any other matters related to this Agreement or to vary the terms or terminate the so called Agreement, provided the Client has notified the Company in writing of exercising such a right and the Company gave its approval on such authorisation. The Company has the right but not an obligation to ask for any specifications for this person.
6.2. The third party authorization granted is in addition to and does not limit or restrict any other authorization under this Agreement or any other agreement that may exist between the Company and the Client.
6.3. Unless the Company receives and acknowledges a written (notification from the Client for the) termination/revocation at its offices of the said person’s authorisation (appointed under clause 6.1.), it will continue accepting Request, Instructions, Orders and other communications given by this person and the Client agrees that such are valid and committing to the Client.
6.4. The written notification for the termination of the authorisation to a third party (appointed under clause 6.1.) has to be received and acknowledged by the Company with at least 5 days notice prior the termination date.
6.5. In the event of the death or incapacity of the Client, the Company will have no responsibility or liability whatsoever in respect of the actions or omissions or fraud of the authorised third party (appointed under clause 6.1.) in relation to the Client Account and/ or Client Money and the Company will continue accepting Requests, Instructions, Orders and other communication given by this person and will recognize such as valid, until the Company receives actual notice of the death or mental incapacity of the Client.
6.6. Such notice of revocation shall not relieve the Client from any obligation of liabilities arising from or in respect thereof or in relation to transactions or his accounts in general.
6.7. Third party authorization shall be governed by and construed in accordance with Cyprus law and in the event of any dispute the Client shall submit to the non-exclusive jurisdiction of the Cyprus Court.
Third Party Authorisation. 10.1. The Client is entitled to provide the Company with a power of attorney, granting authority to a third party "Representative," to act on their behalf in all business relationships with the Company as defined in this Agreement. The power of attorney must be submitted to the Company, accompanied by all necessary identification documents of the representative and any other requested documentation. If no expiration date is specified, the power of attorney will be considered valid until terminated in writing by the Client.
10.2. The Client acknowledges and accepts full responsibility and liability for all instructions provided to the Company by the Representative (including any resulting transactions) and agrees to indemnify (fully compensate or reimburse) the Company and hold it harmless from any loss, damage, or expense incurred as a result of acting on such instructions. This indemnity applies regardless of the circumstances leading to the loss, damage, or expense and irrespective of the Company's knowledge, actions, or omissions concerning any other account held by any other individual or entity with the Company.
10.3. The Client further agrees to indemnify the Company (fully compensate and reimburse) for any loss, damage, or expense incurred as a result of the Company acting on instructions from the Representative beyond the scope of their authority or due to the Representative's violation of any term of their appointment.
Third Party Authorisation. 20.1. The Client has the right to authorise a third person to place instructions and/or orders to the Company or to handle any other matters related to the Client Account, provided that the Client notifies the Company in writing in the event of exercising such a right and this person is approved by the Company and fulfills all of the Company specifications. The activities of such a third party, who is granted an authorization shall be regularly monitored by the Client. The Company shall not be liable for any damages caused by any instructions issued by an authorised person to the Company.
20.2. Unless the Company receives a written notification from the Client for the termination of the authorization of the person as described in paragraph 20.1., the Company will continue accepting instructions and/or orders and/ or other instructions relating to the Client Account given by this person on the Client’s behalf and the Client will recognize such orders as valid.
20.3. The written notification for the termination of the third-party authorization must be received by the Company with at least 5 days’ notice prior to the termination of the authorization date.
20.4. The Company has the right (but NOT an obligation to the Client) to refuse to accept orders and/ or other instructions relating to the Client Account from the third-party in any of the following cases:
(a) If the Company reasonably suspects that the third person is not legally allowed or properly authorised to act as such;
(b) An Event of Default as this is defined in the Client Agreement occurred;
(c) For the Company to ensure compliance with the relevant market rules and or practices, Applicable Regulations or other applicable laws;
(d) In order to protect the interest of the Client.
Third Party Authorisation. The Client has the right to use a power of attorney to authorise a third person "Representative" to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The power of attorney should be provided to the Company accompanied by all identification documents of the representative and/or any other documentation requested by the Company. If there is no expiry date, the power of attorney will be considered valid until the written termination by the Client.
Third Party Authorisation. 6.1. The Client has the right to authorise a third person to give Instructions, Requests and Orders to the Company concerning any Transaction, or proposed Transaction, or to handle any other matters related to this Agreement or to vary the terms or terminate the so-called Agreement, provided the Client has notified the Company in writing of exercising such a right. The Company has the right but not an obligation to ask for any specifications for this person.
6.2. The third-party authorization granted is in addition to and does not limit or restrict any other authorisation under this Agreement or any other agreement that may exist between the Company and the Client.
6.3. Unless the Company receives and acknowledges a written (notification from the Client for the) termination/revocation at its offices of the said person’s authorisation (appointed under clause 6.1.), it will continue accepting Request, Instructions, Orders and other communications given by this person and the Client agrees that such is valid and committing to the Client.
6.4. The written notification for the termination of the authorisation to a third party (appointed under clause 6.1.) has to be received and acknowledged by the Company with at least five days notice prior the termination date.
6.5. In the event of the death or mental incapacity of the Client, the Company will have no responsibility or liability whatsoever in respect of the actions or omissions or fraud of the authorised third party (appointed under clause 6.1.) in relation to the Client Account and/or Client Money. The Company will continue accepting Requests, Instructions, Orders and other communication given by this person. It will recognize such as valid until the Company receives actual notice of the death or mental incapacity of the Client.
6.6. Such notice of revocation shall not relieve the Client from any obligation or liabilities arising from or in respect thereof or in relation to transactions or his accounts in general.
6.7. The third-party authorisation shall be governed by and construed in accordance with Kuwait law and in the event of any dispute, the Client shall submit to the non-exclusive jurisdiction of the Kuwait Court.
Third Party Authorisation. 21.1. You may choose to authorise and nominate a third person to place instructions and/or Orders for you or on your behalf or to handle any other matters related to the Client Trading Account, provided that you notify the Company in writing of this and your authorised nominee is approved by the Company and satisfies all of the Company requirements. It is your sole responsibility to monitor the activities of any nominee you authorise and you remain legally responsible for any actions they take for you or on your behalf. The Company is not liable for any loss or damage caused by any instructions given or Orders placed by your authorised nominee.
21.2. Unless the Company receives a written notification from you advising of the termination and/or revocation of the authorization of the person as described above, you agree the Company may continue accepting instructions and/or Orders for your Client Trading Account given by this person such instructions and/or Orders as valid.
21.3. The Company may (but is not obliged to) refuse to accept Orders and/or other instructions relating to the Client Trading Account from the third party:
(a) if the Company reasonably suspects that the third person is not legally allowed or properly authorised to act for you or on your behalf;
(b) a default occurs;
(c) to comply with relevant market rules and or practices and Applicable Laws;
(d) to protect your interest(s) (in the reasonable view of the Company).
Third Party Authorisation. 15.1 The Client has the right to use a power of attorney to authorise a third person, Authorised Third Party-Representative, to act on behalf of the Client in all business relationships with the Company as defined in this Agreement. The power of attorney should be provided to the Company accompanied by all identification documents of the Authorised Third Party-Representative and/or any other documentation requested by the Company. If there is no expiry date, the power of attorney will be considered valid until the written termination by the Client.
15.2 The Client further ratifies and accepts full responsibility and liability for all instructions given to the Company by the Authorised Third Party-Representative (and for all transactions that may be entered into as a result) and will indemnify (fully compensate or reimburse) the Company and keep the Company indemnified against any loss, damage or expense incurred as a result of acting on such instructions. This indemnity shall be effective irrespective of the circumstances giving rise to such loss, damage or expense, and irrespective of any knowledge, acts or omissions of the Company in relation to any other account held by any other person or body with the Company.
15.3 The Client agrees to further indemnify the Company (fully compensate and reimburse) for any loss, damage or expense incurred as a result of the Company acting on instructions of the Authorised Third Party-Representative outside the scope of the Authorised Third Party-Representative’s authority or the Authorised Third Party-Representative’s breach of any term of their appointment.
Third Party Authorisation. Appendix A
Third Party Authorisation. Connection speed represents the speed of an end- to-end connection. The Company and its third party suppliers or licensors do not represent or guarantee the speed or availability of end-to-end connections. The Company and its third party suppliers or licensors shall not be subject to any damages or liability for any errors, omissions or delays therein including unavailability. The licensed products and all components thereof are provided on an “as is” basis and are separate and distinct from the services provided under this Agreement. Where the Company believes that a Client is using additional functionalities /plug-ins where it affects the reliability and/or smooth and/or orderly operation of the electronic systems the Company has the right to suspend or terminate the Client’s Account.
