Re: [gnso-improvem-impl-sc] Re: Request to the SCI - Vote switching
Thanks for the detailed feedback, Greg. I will amend the note to reflect your suggestions, including to take up the matter with the Council directly rather than with individual SG/Cs. On the question of whether the BC¹s question raises the broader question of the effectiveness of Section 6.1.2(j), this may be something the SCI can include in its review plan should the Council choose not to refer the topic to the SCI at this time. As such, while we may not include it in the note to the BC, the SCI can certainly add it to its list of potential topics for further/future review at the appropriate time. Thanks and cheers Mary Mary Wong Senior Policy Director Internet Corporation for Assigned Names & Numbers (ICANN) Telephone: +1 603 574 4892 Email: mary.wong@xxxxxxxxx From: Greg Shatan <gregshatanipc@xxxxxxxxx> Date: Monday, March 16, 2015 at 17:07 To: Mary Wong <mary.wong@xxxxxxxxx> Cc: "<gnso-improvem-impl-sc@xxxxxxxxx>" <gnso-improvem-impl-sc@xxxxxxxxx>, Ron Andruff <randruff@xxxxxxxxxxxxxxx> Subject: Re: [gnso-improvem-impl-sc] Re: Request to the SCI - Vote switching > I am not entirely in agreement with the note or its underlying premises. > > I do agree that this is not an SCI issue in the sense that we cannot generate > our own issues, and that our issues can only come from the Council or from a > "group chartered by the Council." The Business Constituency is neither, since > it is chartered by ICANN. > > However,I believe this is an issue relating to the effectiveness and > functioning of the GNSO Operating Procedures, and specifically, Section > 6.1.2(j), which states that"No legal or natural person should be a voting > member of more than one Group." The BC is questioning whether this Section of > the GNSO Operating Procedures is effective as currently drafted, given the > increasing number of stakeholders eligible to join multiple SGs. The GNSO > Operating Procedures are maintained by the GNSO Council. Therefore, this > seems to me to be an issue that is within the remit of the Council and which > the Council could the refer to the SCI after appropriate deliberations. I > think it goes too far to say that this is outside the Council's purview > because each SG/C is responsible for its own charter. As you acknowledge > later on in the note, the Charters are subject to a number of principles in > the GNSO Operating Procedures. To the extent that this relates to one of > those principles (and it does) this is appropriate for the Council to take up. > > Furthermore, the Council, which meets regularly, would seem to be a better > forum for shepherding this issue, as opposed to the leaderships of the SG/C's, > which do not meet regularly. If the leaderships did meet and decide that a > common rule for all GNSO SG/C needed to be adopted to guard against > vote-switching, the natural method for creating and adopting such a rule would > be for the GNSO Council (and by extension, the SCI) to amend GNSO Operating > Procedures Section 6.1.2(j). Sending this issue through the SG/C leaderships > would just delay consideration. > > It seems to me that, at the very least, we should include in this letter (or > email) as one of the suggestions that the BC bring this up before the Council. > We should also not simply say we are unable to take up the issue. We should > say that we are unable to take up the issue unless it is referred to us by the > Council. > > I am also not particularly enthusiastic about suggesting that the BC consult > with other SG/C's on a piecemeal basis. This is the kind of problem that > cries out for a GNSO-wide solution, so that there are consistent rules and > results, and we don't have certain SG/C's that are friendly to > "vote-switchers" and others that are not. In any event, I don't think this > should be premised in any way on whether other SG/C's are undergoing a charter > review. This issue is timely because this is an increasingly realistic > problem, not because an SG/C is revising its charter. > > Overall, I just think this should be more neutral in terms of the options, and > include the Council (and a review of 6.1.2(j)) as one of those options. If > the BC chooses to consult with leaderships, that should be fine. If the BC > chooses to take that route, that should be fine, too. > > Greg > > On Mon, Mar 16, 2015 at 4:11 PM, Mary Wong <mary.wong@xxxxxxxxx> wrote: >> Hello everyone, >> >> Since we have received no objections from anyone, and both Amr and Angie >> agreed that the SCI should proceed with a reply to Martin Sutton as sketched >> out by Angie and me, we have drafted the following email that Anne as SCI >> chair can send if it meets the purpose. Since we thought it would make sense >> to keep the note brief, we thought that sending it in the form of an email >> rather than as a separate letter would work too. >> >> On Amr¹s question about SG/C charter revisions, our understanding is that >> each SG/C in the current GNSO structure is obliged to include procedures >> for amending their charters therein. However, under the previous structure, >> and more specifically in the transitional period to the current structure >> with four new SGs largely supplanting the old Constituency structure, each SG >> Charter had to be submitted to and approved by the ICANN Board. This took >> place between July 2009 and June 2011. Similarly, each existing Constituency >> had to be renewed and reconfirmed by the Board this took place in early >> 2009. >> >> Our suggested draft text for a reply to Martin follows below. >> >> >> Dear Martin, >> >> Thank you for reaching out to me and the GNSO¹s Standing Committee on >> Improvements Implementation (SCI) on 26 February 2015. The SCI has discussed >> the question that the Business Constituency (BC) raised concerning the >> possibility of vote-switching across different GNSO groups, and while we >> agree that this situation is not currently addressed by the GNSO¹s rules or >> procedures, we have also concluded that this specific issue lies outside the >> remit of the SCI. >> >> The SCI was chartered by the GNSO Council to review and assess the >> effectiveness and functioning of the GNSO Operating Procedures and Working >> Group Guidelines. As such, questions relating to Stakeholder >> Group/Constituency (SG/C) operations are beyond the scope of our charter, for >> the simple reason that the ICANN¹s bottom-up community structure is based on >> each SG/C defining its own governance rules. The drafting, scoping, adoption, >> review and amendment of each group¹s charter is therefore a matter for that >> group¹s internal deliberations and decision, with a light oversight exercised >> by the ICANN Board which (under the current Bylaws) retains the discretion to >> prescribe periodic reviews of each group¹s charter (see Article X, Section >> 5.3 of the ICANN Bylaws). >> >> Although the SCI is unable to take up consideration of the issue raised by >> the BC, we recognize the potential problem that this could cause were it to >> happen and would therefore like to offer a few options for your and the BC¹s >> consideration. As the question arose during the BC's discussion of a revision >> of its Charter, it may be helpful for the BC - as part of its internal >> deliberations and process - to determine whether to seek external input and >> also how suggestions for mitigation received can assist in its decision as to >> the best way to proceed. For instance, BC leadership could reach out to other >> SG/C leaders to see if a common GNSO position can be developed around the >> issue. While we do not ourselves know if other SG/Cs are going to be >> reviewing their charters at this time, we note that each SG/C charter is >> supposed to specify the process for charter amendment. It may therefore turn >> out to be timely for the BC to raise this issue within the broader GNSO >> community. >> >> In this regard, it may be helpful to note that the GNSO Operating Procedures >> prescribe that SG/C rules be based on common general principles that ensure >> representativeness, openness, transparency and accountability. Specifically, >> while groups are not required to maintain identical rules, their >> participation principles should be objective, standardized and clear (see >> Section 6.1.1 and generally Section 6 of the GNSO Operating Procedures). In >> line therefore with the concept of communitybased bottomup governance, if a >> substantial part of the GNSO community were to agree on a need to solve the >> potential voting problem, this could result in the development of a GNSO norm >> or principle that could, if appropriate, be added to the GNSO Operating >> Procedures. >> >> Additionally, given the ongoing structural review of the GNSO, the BC may >> also wish to consider bringing up the issue with the GNSO Working Party that >> is coordinating this effort on the community¹s behalf, perhaps through the BC >> representatives on the group. We understand also that the initial report of >> the independent examiner will be published for public comment in mid-2015, so >> there will be additional opportunities for public comments that can include >> suggestions for further structural improvements to the GNSO as well. >> >> I hope that these suggestions from the SCI will be useful to the BC. Should >> you or the BC have any additional questions concerning the functioning of the >> GNSO Operating Procedures and Working Group Guidelines, please do not >> hesitate to contact me. The SCI will be pleased to support the community¹s >> efforts to better understand and improve these rules and processes. >> >> With best regards, >> >> Anne Aikman-Scalese >> 2015 Chair, SCI >> >> >> >> >> From: Amr Elsadr <aelsadr@xxxxxxxxxxx> >> Date: Tuesday, March 10, 2015 at 06:43 >> To: Mary Wong <mary.wong@xxxxxxxxx> >> Cc: "<gnso-improvem-impl-sc@xxxxxxxxx>" <gnso-improvem-impl-sc@xxxxxxxxx>, >> Ron Andruff <randruff@xxxxxxxxxxxxxxx> >> Subject: Re: [gnso-improvem-impl-sc] Re: Request to the SCI - Vote switching >> >>> Hi, >>> >>> I haven¹t commented on this thread, mainly because I thought the discussion >>> was headed in an agreeable direction. >>> >>> I think Martin has raised an interesting point, and hope this issue doesn¹t >>> become a problem in the near or distant future. However, as noted by others, >>> I don¹t see this as an SCI issue. Since this isn¹t a policy issue, I >>> honestly don¹t see this as something necessarily being within the scope of >>> the GNSO Council either. Having said that, I don¹t think it would be harmful >>> for the council to discuss the issue. Ideally, this would have been picked >>> up during the GNSO review, but should be individually tackled by the GNSO¹s >>> SGs/Cs. >>> >>> Isn¹t the Board SIC involved in the process of SG/C charter revisions as >>> well? I tried searching for a process description, but couldn¹t find one. >>> May be helpful to reference that in any response we send Martin, if that is >>> indeed the case. I seem to remember them being involved in the NCSG charter >>> revision. >>> >>> Thanks. >>> >>> Amr >>> >>> On Mar 9, 2015, at 9:11 PM, Mary Wong <mary.wong@xxxxxxxxx> wrote: >>> >>>> Dear Angie and everyone, >>>> >>>> Thanks very much for the thoughtful comments I think we are both saying >>>> very similar things! Essentially, the BC (like all other GNSO SG/Cs) >>>> defines its own charter and scope, which is one reason why (as well as more >>>> general reasons having to do with the fundamental community consensus-based >>>> bottom-up ICANN structure) staff suggested that this is an issue best >>>> determined by the BC itself. This can include all the considerations >>>> mentioned by Angie, and the BC may also decide it wishes to discuss the >>>> question with other GNSO SG/Cs. As we also noted, to the extent that a >>>> substantial or discrete part the GNSO community then believes a more >>>> uniform or coherent approach is needed, either the BC or another GNSO SG/C >>>> can bring it up as part of the ongoing GNSO Review - a point that was noted >>>> by Avri as something that can be done through each SG/C¹s representatives >>>> on the GNSO Working Party, including the BC's. >>>> >>>> Anne has requested that staff draft a response to Martin and the BC, which >>>> we propose to do along these lines. Although we do not think this is >>>> necessarily the type of matter that the SCI Charter was intended to cover, >>>> nonetheless it may be helpful to see if this is a shared SCI view. Please >>>> reply therefore if you have an objection to the proposed approach. If none >>>> is received by 23:59 UTC on Wednesday 11 March, we will proceed as noted >>>> herein. >>>> >>>> Thanks and cheers >>>> Mary >>>> >>>> Mary Wong >>>> Senior Policy Director >>>> Internet Corporation for Assigned Names & Numbers (ICANN) >>>> Telephone: +1 603 574 4892 <tel:%2B1%20603%20574%204892> >>>> Email: mary.wong@xxxxxxxxx >>>> >>>> >>>> >>>> From: Angie Graves <angie@xxxxxxxxxxxx> >>>> Date: Monday, March 9, 2015 at 11:52 >>>> To: Anne <AAikman@xxxxxxxxxx>, Mary Wong <mary.wong@xxxxxxxxx>, >>>> "<gnso-improvem-impl-sc@xxxxxxxxx>" <gnso-improvem-impl-sc@xxxxxxxxx> >>>> Cc: Julie Hedlund <julie.hedlund@xxxxxxxxx>, Ron Andruff >>>> <randruff@xxxxxxxxxxxxxxx> >>>> Subject: Fwd: Request to the SCI - Vote switching >>>> >>>>> Dear Anne, Mary and SCI, >>>>> >>>>> I am writing to share my thoughts with the SCI as a member of both the BC >>>>> and the SCI. If any of my thoughts expressed below conflict with Mary >>>>> Wong's pending response, I defer to her. >>>>> >>>>> I am inclined to think that I am speaking for more than just myself when I >>>>> say that the SCI recognizes, too, the importance of this issue Martin has >>>>> raised, and that we would like to be able to provide answers and >>>>> resolution to the potential for abuse of voting rights. >>>>> >>>>> Unfortunately, the SCI's charter directs us to consider GNSO Council >>>>> processes and procedures and Working Group guidelines that have been >>>>> identified either by the GNSO Council or a group chartered by the GNSO >>>>> Council as needing discussion (e.g. a WG). As the Business Constituency >>>>> is one of the Constituencies within the Commercial Stakeholder Group (CSG) >>>>> referred to in Article X.5 of the ICANN bylaws, and as the BC's charter >>>>> review is not at the request of the GNSO Council, Martin's request lies >>>>> outside of the SCI's scope. >>>>> >>>>> I am available to talk about this issue with Martin and/or with the BC >>>>> Charter Review Drafting Team, and maybe determine together the optimal way >>>>> forward. My suggestion is for the SCI to recommend that Martin raise this >>>>> issue first inside the BC following the Drafting Team's completion of its >>>>> first order of business--the charter review. In seeking BC consensus on >>>>> the issue, requests for outside review will be thoroughly considered by >>>>> the constituency, ideas for mitigation will be collected, and the best >>>>> path forward with the issue will be determined and agreed upon by the BC >>>>> membership. >>>>> >>>>> Thoughts? >>>>> >>>>> Thank you, >>>>> >>>>> Angie >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> ---------- Forwarded message ---------- >>>>> From: <martinsutton@xxxxxxxx> >>>>> Date: Mon, Mar 9, 2015 at 5:26 AM >>>>> Subject: RE: Request to the SCI - Vote switching >>>>> To: "Aikman-Scalese, Anne" <AAikman@xxxxxxxxxx> >>>>> Cc: Angie Graves <angie@xxxxxxxxxxxx>, "<gnso-improvem-impl-sc@xxxxxxxxx>" >>>>> <gnso-improvem-impl-sc@xxxxxxxxx>, Julie Hedlund >>>>> <julie.hedlund@xxxxxxxxx>, Mary Wong <mary.wong@xxxxxxxxx>, Ron Andruff >>>>> <randruff@xxxxxxxxxxxxxxx> >>>>> >>>>> >>>>> Dear Anne, >>>>> >>>>> Thank you for your helpful response and suggestion - all noted. >>>>> >>>>> Kind regards, >>>>> >>>>> Martin >>>>> Martin C SUTTON >>>>> Manager, Group Fraud Risk & Intelligence >>>>> Global Security & Fraud Risk >>>>> Level 8,1 Canada Square,Canary Wharf,London,E14 5AB,United Kingdom >>>>> __________________________________________________________________ >>>>> >>>>> Phone+44 (0)207 991 8074 <tel:%2B44%20%280%29207%20991%208074> >>>>> Mobile+44 (0)777 4556680 <tel:%2B44%20%280%29777%204556680> >>>>> Emailmartinsutton@xxxxxxxx <mailto:martinsutton@xxxxxxxx> >>>>> Websitewww.hsbc.com <http://www.hsbc.com/> >>>>> >>>>> __________________________________________________________________ >>>>> Protect our environment - please only print this if you have to! >>>>> >>>>> >>>>> >>>>> >>>>> From: "Aikman-Scalese, Anne" <AAikman@xxxxxxxxxx> >>>>> To: Martin C SUTTON/HGHQ/HSBC@HSBC >>>>> Cc: 'Mary Wong' <mary.wong@xxxxxxxxx>, Julie Hedlund >>>>> <julie.hedlund@xxxxxxxxx>, "<gnso-improvem-impl-sc@xxxxxxxxx>" >>>>> <gnso-improvem-impl-sc@xxxxxxxxx>, 'Ron Andruff' >>>>> <randruff@xxxxxxxxxxxxxxx>, 'Angie Graves' <angie@xxxxxxxxxxxx> >>>>> Date: 07/03/2015 22:20 >>>>> Subject: RE: Request to the SCI - Vote switching >>>>> >>>>> >>>>> >>>>> >>>>> Martin, >>>>> Although SCI has not met, there has been some discussion on the list >>>>> regarding your request on behalf of the BC Charter subteam. >>>>> >>>>> Staff (Mary Wong) is drafting a response to your request for SCI and will >>>>> be circulating that response to SCI members for purposes of developing a >>>>> consensus on the recommended approach for BC in this fact situation. At >>>>> present we have no calls scheduled. If SCI members are not in agreement >>>>> with the approach described in the draft response that staff is preparing, >>>>> we will likely need to schedule a call to discuss in more detail than >>>>> achieved to date on the list. In this regard, you may want to alert and >>>>> brief the BC members of SCI as to this particular issue since, to my >>>>> knowledge, neither one of the BC SCI appointees has commented in the >>>>> discussion of this matter on the SCI list. >>>>> Thank you, >>>>> Anne >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> <ATT00001.gif> Anne E. Aikman-Scalese, Of Counsel >>>>> Lewis Roca Rothgerber LLP | >>>>> One South Church Avenue Suite 700 | Tucson, Arizona 85701-1611 >>>>> (T) 520.629.4428 <tel:520.629.4428> | (F) 520.879.4725 <tel:520.879.4725> >>>>> AAikman@xxxxxxxxxx <mailto:AAikman@xxxxxxxxxx> | www.LRRLaw.com >>>>> <http://www.lrrlaw.com/> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> From: martinsutton@xxxxxxxx [mailto:martinsutton@xxxxxxxx >>>>> <mailto:martinsutton@xxxxxxxx> ] >>>>> Sent: Friday, March 06, 2015 9:17 AM >>>>> To: Aikman-Scalese, Anne >>>>> Subject: Re: Request to the SCI - Vote switching >>>>> >>>>> Dear Anne, >>>>> >>>>> As a follow-up, could you please let me know when the SCI is next due to >>>>> meet/discuss the item raised below? I just want to manage expectations >>>>> with the BC Charter group, so an indicative time would be helpful. >>>>> >>>>> Kind regards, >>>>> >>>>> Martin >>>>> Martin C SUTTON >>>>> Manager, Group Fraud Risk & Intelligence >>>>> Global Security & Fraud Risk >>>>> Level 8,1 Canada Square,Canary Wharf,London,E14 5AB,United Kingdom >>>>> >>>>> __________________________________________________________________ >>>>> Phone+44 (0)207 991 8074 <tel:%2B44%20%280%29207%20991%208074> >>>>> Mobile+44 (0)777 4556680 <tel:%2B44%20%280%29777%204556680> >>>>> Emailmartinsutton@xxxxxxxx <mailto:martinsutton@xxxxxxxx> >>>>> Websitewww.hsbc.com <http://www.hsbc.com/> >>>>> >>>>> >>>>> __________________________________________________________________ >>>>> Protect our environment - please only print this if you have to! >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> From: Martin C SUTTON/HGHQ/HSBC >>>>> To: "Anne Aikman-Scalese" <AAikman@xxxxxxxxxx >>>>> <mailto:AAikman@xxxxxxxxxx> > >>>>> Date: 26/02/2015 23:21 >>>>> Subject: Re: Request to the SCI - Vote switching >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> Thank you Anne, much appreciated. >>>>> >>>>> Martin Sutton >>>>> Manager, Group Fraud Risk and Intelligence >>>>> Ph: ++44 (0)20 7991 8074 <tel:%2B%2B44%20%280%2920%207991%208074> >>>>> Mob: ++44 (0)777 4556680 <tel:%2B%2B44%20%280%29777%204556680> >>>>> Sent from my BlackBerry >>>>> >>>>> ********************************* >>>>> >>>>> HSBC Holdings plc >>>>> Registered Office: 1 Canada Square, London E14 5AB, United Kingdom >>>>> Registered in England number 617987 >>>>> >>>>> ********************************* >>>>> >>>>> >>>>> From: "Aikman-Scalese, Anne" [AAikman@xxxxxxxxxx] >>>>> Sent: 26/02/2015 20:31 GMT >>>>> To: Martin C SUTTON >>>>> Subject: RE: Request to the SCI - Vote switching >>>>> >>>>> Thanks Martin. I will bring this before SCI. >>>>> Anne >>>>> >>>>> >>>>> <ATT00002.gif> Anne E. Aikman-Scalese, Of Counsel >>>>> Lewis Roca Rothgerber LLP | >>>>> One South Church Avenue Suite 700 | Tucson, Arizona 85701-1611 >>>>> (T) 520.629.4428 <tel:520.629.4428> | (F) 520.879.4725 <tel:520.879.4725> >>>>> AAikman@xxxxxxxxxx <mailto:AAikman@xxxxxxxxxx> | www.LRRLaw.com >>>>> <http://www.lrrlaw.com/> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> From: martinsutton@xxxxxxxx <mailto:martinsutton@xxxxxxxx> >>>>> [mailto:martinsutton@xxxxxxxx <mailto:martinsutton@xxxxxxxx> ] >>>>> Sent: Thursday, February 26, 2015 12:30 PM >>>>> To: Aikman-Scalese, Anne >>>>> Subject: Request to the SCI - Vote switching >>>>> >>>>> Dear Anne, >>>>> >>>>> I am a member of the Business Constituency and currently working with the >>>>> BC Charter Review team. During our recent discussions, we identified a >>>>> potential issue that may affect GNSO Stakeholder Groups (SGs) and >>>>> Constituencies (Cs) which may warrant the attention of the SCI, which I >>>>> understand you currently chair. >>>>> >>>>> With the introduction of New gTLDs, an increasing number of organisations >>>>> now meet the criteria of membership within multiple groups, even across >>>>> the contracting and non-contracting parties divide. The point in question >>>>> is in relation to the ability for a member of multiple SGs and Cs to >>>>> regularly switch their voting rights between these groups in a tactical >>>>> manner, so as to apply votes for elections/decisions where they may have >>>>> concerns with lack of representation within a specific group, at a >>>>> specific time. Whilst they may only vote in one of the SGs or Cs, there is >>>>> no restriction as to when and how frequently they may switch their voting >>>>> power between these groups. This could be too flexible and potentially >>>>> allow the system to be exploited. >>>>> >>>>> I am pleased to say that there is no evidence that this is occurring but >>>>> as new members continue to increase, it seems sensible to consider >>>>> preventative measures be put in place to protect the GNSO for the future. >>>>> As an example, a multi-member organisation could be obliged to commit >>>>> holding it's voting rights within one group for a minimum term of 12 >>>>> months before switching to another group. Of course, this would need to >>>>> be uniform across all of the SGs and Cs, hence, we think it is appropriate >>>>> to raise this issue with the SCI for consideration. >>>>> >>>>> I would be happy to discuss further and interested to know if you feel >>>>> this would be appropriate and worthwhile for the SCI to assess. >>>>> >>>>> Kind regards, >>>>> >>>>> Martin >>>>> Martin C SUTTON >>>>> Manager, Group Fraud Risk & Intelligence >>>>> Global Security & Fraud Risk >>>>> Level 8,1 Canada Square,Canary Wharf,London,E14 5AB,United Kingdom >>>>> >>>>> __________________________________________________________________ >>>>> >>>>> Phone+44 (0)207 991 8074 <tel:%2B44%20%280%29207%20991%208074> >>>>> Mobile+44 (0)777 4556680 <tel:%2B44%20%280%29777%204556680> >>>>> Emailmartinsutton@xxxxxxxx <mailto:martinsutton@xxxxxxxx> >>>>> Websitewww.hsbc.com <http://www.hsbc.com/> >>>>> >>>>> >>>>> >>>>> __________________________________________________________________ >>>>> Protect our environment - please only print this if you have to! >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> ----------------------------------------- >>>>> SAVE PAPER - THINK BEFORE YOU PRINT! >>>>> >>>>> This E-mail is confidential. >>>>> >>>>> It may also be legally privileged. If you are not the addressee you may >>>>> not copy, >>>>> forward, disclose or use any part of it. If you have received this message >>>>> in error, >>>>> please delete it and all copies from your system and notify the sender >>>>> immediately by >>>>> return E-mail. >>>>> >>>>> Internet communications cannot be guaranteed to be timely secure, error or >>>>> virus-free. >>>>> The sender does not accept liability for any errors or omissions. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> This message and any attachments are intended only for the use of the >>>>> individual or entity to which they are addressed. If the reader of this >>>>> message or an attachment is not the intended recipient or the employee or >>>>> agent responsible for delivering the message or attachment to the intended >>>>> recipient you are hereby notified that any dissemination, distribution or >>>>> copying of this message or any attachment is strictly prohibited. If you >>>>> have received this communication in error, please notify us immediately by >>>>> replying to the sender. The information transmitted in this message and >>>>> any attachments may be privileged, is intended only for the personal and >>>>> confidential use of the intended recipients, and is covered by the >>>>> Electronic Communications Privacy Act, 18 U.S.C. §2510-2521. >>>>> >>>>> >>>>> ************************************************************ >>>>> HSBC Holdings plc >>>>> Registered Office: 8 Canada Square, London E14 5HQ, United Kingdom >>>>> Registered in England number 617987 >>>>> ************************************************************ >>>>> >>>>> >>>>> >>>>> ----------------------------------------- >>>>> SAVE PAPER - THINK BEFORE YOU PRINT! >>>>> >>>>> This E-mail is confidential. >>>>> >>>>> It may also be legally privileged. If you are not the addressee you may >>>>> not copy, >>>>> forward, disclose or use any part of it. If you have received this message >>>>> in error, >>>>> please delete it and all copies from your system and notify the sender >>>>> immediately by >>>>> return E-mail. >>>>> >>>>> Internet communications cannot be guaranteed to be timely secure, error or >>>>> virus-free. >>>>> The sender does not accept liability for any errors or omissions. >>>>> >>>>> >>>>> >>>>> This message and any attachments are intended only for the use of the >>>>> individual or entity to which they are addressed. If the reader of this >>>>> message or an attachment is not the intended recipient or the employee or >>>>> agent responsible for delivering the message or attachment to the intended >>>>> recipient you are hereby notified that any dissemination, distribution or >>>>> copying of this message or any attachment is strictly prohibited. If you >>>>> have received this communication in error, please notify us immediately by >>>>> replying to the sender. The information transmitted in this message and >>>>> any attachments may be privileged, is intended only for the personal and >>>>> confidential use of the intended recipients, and is covered by the >>>>> Electronic Communications Privacy Act, 18 U.S.C. §2510-2521. >>>>> >>>>> >>>>> ************************************************************ >>>>> HSBC Holdings plc >>>>> Registered Office: 8 Canada Square, London E14 5HQ, United Kingdom >>>>> Registered in England number 617987 >>>>> ************************************************************ >>>>> >>>>> >>>>> ----------------------------------------- >>>>> SAVE PAPER - THINK BEFORE YOU PRINT! >>>>> >>>>> This E-mail is confidential. >>>>> >>>>> It may also be legally privileged. If you are not the addressee you may >>>>> not copy, >>>>> forward, disclose or use any part of it. If you have received this message >>>>> in error, >>>>> please delete it and all copies from your system and notify the sender >>>>> immediately by >>>>> return E-mail. >>>>> >>>>> Internet communications cannot be guaranteed to be timely secure, error or >>>>> virus-free. >>>>> The sender does not accept liability for any errors or omissions. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> <ATT00001.gif><ATT00002.gif> >>>>> >>>>> >>>>> Attachment:
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