THE POLICY FOR EXECUTING AN ORDER AND ENTRUSTING THE EXECUTION OF ORDERS
Article 23
The Company establishes measures and systems for fast, fair and efficient execution of a client's order in relation to
orders from other clients or the Company itself, that is measures and systems that allow for the execution of similar
orders from clients in accordance with the time when the Company received the order.
For executing the order pursuant to Paragraph 1 of this Article, the Company shall:
1. enter the information from the order, which shall be conducted on behalf of the client, into the Order book
immediately and accurately;
2. immediately execute similar orders from the client in accordance with the time when the orders were received,
except if the prevailing conditions on the market, or the characteristics of the order, or the interests of the Client make
this impossible or require different treatment.
3. immediately and accurately classifies the orders executed on behalf of the client;
4. take all needed, necessary actions in order to ensure that all financial instruments or funds of the client received
during the settlement of obligations in accordance with the execution of an order, are transferred to the account
designated by the client in a timely manner;
5. inform the client of any significant difficulties in connection with the execution of the order, immediately after
becoming aware of the same.
When providing investment services to clients, the Company is obligated to put the clients' interests ahead of
its own, to operate fairly, honestly and professionally in accordance with the best interests of the client while respecting
the principles established by provisions of the Law
Article 24
When the Company receives a limit order from the client, pertaining to stocks which are traded on a regulated market, or
MTP, which has not been immediately executed, or executable due to the prevailing situation on the market, the Company
is obliged to, except if the client has expressly provided different instructions, take measures for the execution of the order
in the shortest time possible by immediately publishing the limit order in a manner that will make it easily available to
other market participants. The Company has fulfilled this obligation once it has forwarded the limit order to the regulated
market or the MTP, as well as when the obligation to publish the limit is not applied to orders that exceed the normal
market size as determined by rules of the regulated market or MTP.
In terms of the preceding paragraph of this Article, it shall be considered that the Company has issued a limit order which
cannot be immediately executed when it sends an order to a regulated market, or MTP, which has an order book or allows
the publication of orders which can be easily executed when market conditions so permit.
The Company has a duty to submit reports of services conducted, to the client, which also contain expenses related to
transactions and services performed in the name of the client, while the form and content of the report is prescribed by the
Commission.
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