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Securities firms and futures commission merchants shall adopt certificate delivery procedures to avoid receipt of the certificate by anyone other than the applicant, as follows:
- Delivery of the electronic transaction password in person or electronically, with subsequent delivery of the certificate based on the password and with relevant records retained.
- Delivery of the certificate by other means, in which the investor's or trader's identity must first be verified and relevant records retained by the securities firm or futures commission merchant before the certificate can be activated.
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