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Up to Apr 30 2014May 1 2014 onwards

Rule 402 Customer Protection — Reserves and Custody of Securities

This rule is no longer applicable.

(b) Agreements for Use of Customer's Securities
/01 Application

Member organizations may use a single margin/loan consent agreement format signed by a customer as written authorization to permit the loaning of a customer's margin eligible securities in lieu of obtaining a separate written authorization. Such margin/loan consent agreement must contain a legend in bold type face placed directly above the signature line which states substantially as follows:

"BY SIGNING THIS AGREEMENT I ACKNOWLEDGE THAT MY SECURITIES MAY BE LOANED TO YOU OR LOANED OUT TO OTHERS."

(See also SEA Rules 8c-1 and 15c-2)

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