Authorisation given to a third party in relation to the operation of an account kept with a financial institution for investment / trading purposes.
You are authorising a third party to operate and maintain an account. The persons who can monitor the account are outlined in the Table of Authorised Persons and you hereby authorize the person(s) as described in the Table of Authorized Persons (who is not an employee of the Company) hereunder (“the Authorized Person”) to give oral, telephone or written instructions relating to dealing in securities, and sign any documents relative thereto, including but not limited to any purchases, sales, holding, settlement, transfer, deposit or withdrawal of moneys (collectively the “Transaction”) for and on my/our behalf in relation to the Account with effect from.
The document states that the Authorised Person has full authority to act on your behalf and any instructions are binding. Additionally, the Client agrees to be fully liable for any acts or omissions of the Authorised Person and to keep you fully indemnified against all losses and the authorisation is valid until written notice is provided to revoke the undertaking.