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The Broker Client Agreement is a fundamental document required under Malaysian securities regulations for establishing a formal relationship between licensed securities brokers and their clients. This agreement is mandated by the Capital Markets and Services Act 2007 and must comply with Securities Commission Malaysia guidelines and Bursa Malaysia Securities Berhad rules. It covers essential aspects such as account opening procedures, trading authorizations, risk disclosures, fee structures, and client obligations. The document is crucial for both retail and institutional clients seeking to trade securities through a Malaysian licensed broker, providing legal protection for both parties and ensuring regulatory compliance. The agreement typically includes provisions for both traditional and electronic trading services, making it adaptable to modern trading platforms while maintaining regulatory requirements.

1. Parties: Identification of the licensed broker and the client, including registration/license numbers and contact details

2. Background: Brief context of the agreement, broker's licensing status, and general purpose of the agreement

3. Definitions: Key terms used throughout the agreement, including regulatory terminology and market-specific definitions

4. Appointment and Scope of Services: Details of the broker's appointment and the specific services to be provided

5. Client Account Opening and Maintenance: Requirements and procedures for opening and maintaining trading accounts

6. Trading Authorization and Instructions: Procedures for placing trades and handling client instructions

7. Fees and Commissions: Detailed breakdown of all fees, commissions, and charges

8. Client's Obligations and Acknowledgments: Client's responsibilities, representations, and warranties

9. Risk Disclosure: Mandatory risk disclosures required by Malaysian regulations

10. Settlement and Payment Terms: Procedures and timeframes for trade settlement and payment

11. Default and Termination: Events of default, consequences, and termination procedures

12. Confidentiality and Data Protection: Obligations regarding client data and compliance with PDPA 2010

13. Notices and Communications: Methods and requirements for formal communications between parties

14. Governing Law and Jurisdiction: Malaysian law as governing law and jurisdiction provisions

15. General Provisions: Standard boilerplate clauses including amendment procedures, severability, and entire agreement