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Does a SFE Participant require written authorisation from its clients allowing it to conduct off-market business on each clients behalf prior to entering into a Block Trade or EFP?

April 26, 2017authorisation Business clients conduct off-market participant require SFE written

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Does a SFE Participant require written authorisation from its clients allowing it to conduct off-market business on each clients behalf prior to entering into a Block Trade or EFP?

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Yes. This authorisation can be in the form of an e-mail and is a ‘one-off’ requirement, however the Participant should maintain such authorisation on file. Alternatively, this authorisation may be included as part of the Participant’s Client Agreement Form.