MIR 2.8.7

Past version: effective from 21/10/2015 - 23/02/2020
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A Recognised Body may only permit a Member to provide its clients Direct Electronic Access to the Recognised Body's facilities where:

(a) the clients meet the suitability criteria established by the Member in order to meet the requirements in Rule 2.8.8;
(b) the Member retains responsibility for the orders and trades executed by the clients who are using direct electronic access; and
(c) the Member has adequate mechanisms to prevent the clients placing or executing orders using Direct Electronic Access in a manner that would result in the Member exceeding its position or margin limits.