Generally speaking, a client's third-party authorization means that a client appoints and fully/partially authorizes his/her family members to give instructions on behalf of the client to his/her investment account. Common examples of such authorization are as follows:
1.1 Issue trading orders
1.2 Provide capital and stock deposit notice
1.4 or other instructions given by the account holder
All clients who open an account with FUTU HK need to confirm the relevant content of the client's third-party authorization.
If you have opened an account, you have confirmed the standing authorization to FUTU HK when you confirm the account opening agreement. Please refer to Paragraph 4.4 of the Client Agreement for details. Since the standing authorization has an expiry date, an account holder may be required to renew the standing authorization.
No impact on the normal use of your current account, funds, transactions, and other services, however, clients need to understand that an authorized person can also give previously established instructions to the authorizer.
Yes, but standing authorization is required by FUTU HK in accordance with regulations to ensure the normal settlement of clients' funds and securities. If you choose not to confirm the standing authorization, we will no longer be able to provide services to you.
The latest version of standing authority can be viewed at the Client Agreement.