14. FSPs Authorised to Operate Your Account
You acknowledge that FinEx will only act on instructions from your duly authorised FSP. The FSP appointed and authorised represents that each time a dealing or other instruction is given to FinEx or each time the FSP otherwise operates your account, the FSP has had no notice of your revocation of their authority or your death or incapacity. In relation to the FSP authorised by you, you:
14.1 agree to ratify all actions and transactions effected by FinEx on your behalf on the instructions of the FSP, and agree that purchases and allocations of financial products are to be registered in the name of your account. As a consequence, you are bound by the actions and transactions effected on the instructions of the FSP as if you had given those instructions to us yourself.
14.2 authorise FinEx to:
(a) apply any sums, and to realise any financial products held by FinEx on your behalf and apply the proceeds in payment of amounts owing to FinEx in respect of transactions effected in accordance with the Third-Party’s instructions; and
(b) pay the proceeds of sale of any financial products effected by FinEx on your behalf on the instructions of the Third-Party to you or in accordance with your written directions or the Third-Party’s written directions.
14.3 agree that the FSP can access and/or request copies of personal information FinEx holds about you and information recorded on your account.
14.4 agree to indemnify and not to hold FinEx liable for all liabilities, losses, damages, costs or expenses directly or indirectly incurred or suffered by you as a result of FinEx complying with the instructions of your nomindated FSP.
14.5 acknowledge that if you die or become incapacitated this authorisation will continue until FinEx receives notice in writing of your death or incapacity.
14.6 acknowledge that a FSP authorisation will otherwise continue in full force and effect unless it is revoked by notice from you [or the FSP] in writing received by FinEx. Any revocation shall not affect your liability in respect of transactions effected by a FSP on your behalf prior to receipt of the notice of revocation.
14.7 acknowledge a FSP authorisation and indemnity is in addition to and in no way limits or restricts any rights which FinEx has under other agreements between you and FinEx.