With effect from 1 September 2020 or such later day as notified to you by Macquarie, Macquarie will be moving its client facing cash equities services in Asia to Macquarie Securities (Australia) Limited (“MSAL”).
Macquarie Securities (Australia) Limited was incorporated in Australia on 12 September 1984. It is the Australian Cash brokering entity for Macquarie Group and is regulated by the Australian Securities & Investment Commission (“ASIC”).
Clients previously contracting with Macquarie Bank Limited Hong Kong Branch will in future be facing MSAL as the broker of cash equities trades.
Other than the change of legal entity, there will be no material change to the service you receive from Macquarie. Commission rates will remain unchanged, and you will continue to deal with the same people, and receive the same high standard of research, sales and execution services from Macquarie throughout the region.
In order for Macquarie to continue to provide relevant services to your organisation, please accept and agree that your organisation:
If you do not have authority to confirm for and on behalf of your organisation, please discuss internally and bring this to the attention of the relevant individuals who have authority to approve. By clicking the confirmation button, you and your organisation are deemed to have represented and warranted that you have the relevant authority.
If you have any questions on the MSAL Terms or other changes, please contact us by return email as soon as possible and in any event prior to 30 June 2020. If regulations allow, your organisation can also provide consent to the MSAL Terms by conduct if your organisation elects to place an order with us on or after 1 September 2020 or such later day as notified to you by Macquarie. In other words, if your organisation has not acknowledged the new terms but continue to trade with us, such continued trading will be deemed to be your organisation’s consent to the items set out above.