Referral Agent Agreement - Physical Version
Floret Capitals (Private) LimitedInstitutional Draft
Table of Contents
1. Definitions
2. Interpretation
3. Appointment of Referral Agent
4. Nature of Relationship
5. Scope of Authority
6. Duties of Referral Agent
7. Regulatory Compliance (SECP & PMEX)
8. AML/CFT Obligations
9. KYC Responsibilities
10. Client Communication Standards
11. Risk Disclosure Requirements
12. Marketing & Advertisement Guidelines
13. Confidentiality & Non‑Disclosure Agreement
14. Intellectual Property Rights
15. Data Protection & Privacy
16. Prohibition on Client Fund Handling
17. Prohibition on Account Management
18. Prohibition on Investment Advice
19. Conflict of Interest
20. Anti‑Bribery
21. Non‑Solicitation
22. Non‑Circumvention
23. Commission & Payment
24. Commission Clawback
25. Audit Rights
26. Compliance Monitoring
27. Suspension
28. Termination
29. Indemnity
30. Limitation of Liability
31. Legal Action
32. Governing Law
33. Jurisdiction
34. Miscellaneous
35. Declaration
Definitions
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Interpretation
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Appointment of Referral Agent
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Nature of Relationship
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Scope of Authority
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Duties of Referral Agent
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Regulatory Compliance (SECP & PMEX)
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
AML/CFT Obligations
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
KYC Responsibilities
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Client Communication Standards
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Risk Disclosure Requirements
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Marketing & Advertisement Guidelines
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Confidentiality & Non‑Disclosure Agreement
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Intellectual Property Rights
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Data Protection & Privacy
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Prohibition on Client Fund Handling
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Prohibition on Account Management
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Prohibition on Investment Advice
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Conflict of Interest
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Anti‑Bribery
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Non‑Solicitation
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Non‑Circumvention
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Commission & Payment
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Commission Clawback
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Audit Rights
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Compliance Monitoring
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Suspension
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Termination
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Indemnity
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Limitation of Liability
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Legal Action
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Governing Law
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Jurisdiction
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Miscellaneous
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Declaration
The Agent expressly acknowledges and agrees that this clause forms an integral part of the Referral Agent Agreement. The Agent shall comply with all applicable laws, SECP and PMEX regulations, Company policies, and any written directions issued by Floret Capitals. Any breach of this clause shall constitute a material breach entitling the Company to suspend or terminate the Agreement and pursue all civil, criminal, regulatory and equitable remedies available under Pakistani law.
Signature
Agent Name
CNIC
Signature
Witness 1
Witness 2
