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Master Broker Agreement
"Need a Master Broker Agreement for engaging a securities broker in Singapore, with strong compliance provisions and specific commission structures for different product types, to be effective from March 2025."
1. Parties: Identifies the contracting parties, including full legal names and registered addresses
2. Background: Sets out the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope: Details of broker appointment and authorized activities
5. Licensing and Compliance: Broker's obligations regarding regulatory compliance and maintaining licenses
6. Commission Structure: Payment terms, commission rates, and calculation methods
7. Representations and Warranties: Standard declarations by both parties
8. Confidentiality: Obligations regarding confidential information
9. Term and Termination: Duration and termination provisions
10. Governing Law and Jurisdiction: Singapore law and dispute resolution provisions
1. Insurance Requirements: Professional indemnity insurance obligations for high-value transactions
2. Non-Competition: Restrictions on competitive activities when protecting market share is crucial
3. Data Protection: PDPA compliance obligations for personal data processing
4. Anti-Money Laundering: AML/CFT compliance requirements for financial services broking
1. Commission Schedule: Detailed breakdown of commission rates and calculations
2. Services Schedule: Detailed scope of authorized broking services
3. Compliance Requirements: Specific regulatory requirements and procedures
4. Required Documentation: List of documents needed for broker onboarding
5. Territory Schedule: Geographic areas where broker is authorized to operate
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