1. The Licensed Person shall be obligated to regulate the relationship between itself and the client pursuant to a written agreement, provided that the same does not contravene the provisions of the legislation in force in the State. 2. No provision or obligation stipulated in a Financial Services Agreement shall be deemed enforceable if it contravenes the provisions of the legislation in force in the State. The Authority shall have the power to issue rules regulating the mechanism for amending such contravening provisions or terminating the offending agreements and determining the consequences thereof. 3. No agreement relating to the provision of a Financial Services executed with an unlicensed Person shall be binding or enforceable vis-à-vis the Authority.
Interpretation and application must be checked against the official text and current version.