schreef:
Dear Client,
To address changes in our business, technology, and services, and to better serve our customers, Interactive Brokers Ireland Limited is amending the terms of its standard customer agreement (“Customer Agreement”).
The Customer Agreement is changed with immediate effect [5 MAY 2023] for the parts that describe the circumstances where IBIE faces the client in a principal capacity (not as agent) when operating as Systematic Internaliser in the execution of clients’ transactions. These are Section (2C (i)(a)): Fractional Share Trading – Capacity and Section (2A (vi)) IBIE Trades as Agent or Principal. The remaining amendments will apply from 5 June 2023 and the revised agreement will replace the current version in full on 5 JUNE 2023. You can view the revised Customer Agreement HERE .
For more information about the changes and what to do if you do not accept the changes, please see below:
What do the changes mean for me?
The terms of the Interactive Brokers Ireland Limited Customer Agreement (“Customer Agreement”) allow us to change any of the terms of our agreement with you.
To address changes in our business, technology, and services, and to better serve our customers, we are revising the terms of our Customer Agreement.
List of key changes to the Customer Agreement:
1. Sections or subsections (indicated in parentheses) of the revised Customer Agreement that are either new or have been substantively amended include, but are not limited to:
No Investment, Tax or Trading Advice (2A (ii))
IBIE Trades as Agent or Principal (2A (vi))
Suspicious activity (2A (viii))
Pre-trade Filters and other checks (2B (iv))
Fast and Volatile Markets (2B (v))
Information Security; Responsibility for Client Orders/Trades (2B (vi))
Fractional Share Trading – Capacity (2C (i)(a))
Sale of Shares (2C (i) (e))
Commodity Options and Futures Contracts Not Settled in Cash (2C (iii))
Corporate Actions (2C (vi))
Holding Client Assets (3D (i))
Valuation (4A (iii))
IBIE will not Issue Margin Calls (4A (v))
Liquidation of Positions and Offsetting Transactions (4A (vi))
Options and Other Rights’ Expiration (4A (vii))
Position Limits (4A (viii))
Other Client Representations and Warranties (6E (ii)(g))
Special risks of algorithmic orders (Appendix 2, 13 (j))
Appendix 5- Physically deliverable futures
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Should you not wish to accept the changes, you will unfortunately not be able to maintain an account with us going forward. To close your account, you will need to submit a request via the Client portal before the new Customer Agreement takes effect on 5 JUNE 2023.
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