5710. Agreement and account requirements

Or jump to a Series:

    1. A Dealer Member writing exchange-traded options on behalf of a client must:

      1. do so in a margin account and must have and maintain a written margin account agreement, or

      2. for registered accounts that may engage in certain trades involving exchange‑traded options, have and maintain a written account agreement defining the rights and obligations between them relating to transacting in exchange-traded options.

    2. A Dealer Member writing over‑the-counter options on behalf of a client must do so in a margin account.

    3. A Dealer Member writing and issuing or guaranteeing over‑the‑counter options on behalf of a client must either:

      1. have and maintain with that client a separate written margin agreement defining the rights and obligations between them relating to transacting in over‑the‑counter options, or

      2. have and maintain with that client a supplementary over‑the‑counter options agreement defining the rights and obligations between them relating to transacting in over‑the‑counter options.

    There is no history log for this rule.

    There is no history log for this rule.