<div dir="ltr"><div><div>Dear Anne, Mary and SCI,</div><div><br></div><div>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.</div><div><br></div><div>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.</div><div><br></div><div>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.</div><div><br></div><div>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.</div><div><br></div></div><div>Thoughts?</div><div><br></div><div>Thank you,</div><div><br></div><div>Angie</div><div><br></div><div><br></div><div><br></div><div><br></div><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername"></b> <span dir="ltr"><<a href="mailto:martinsutton@hsbc.com">martinsutton@hsbc.com</a>></span><br>Date: Mon, Mar 9, 2015 at 5:26 AM<br>Subject: RE: Request to the SCI - Vote switching<br>To: "Aikman-Scalese, Anne" <<a href="mailto:AAikman@lrrlaw.com">AAikman@lrrlaw.com</a>><br>Cc: Angie Graves <<a href="mailto:angie@webgroup.com">angie@webgroup.com</a>>, "<<a href="mailto:gnso-improvem-impl-sc@icann.org">gnso-improvem-impl-sc@icann.org</a>>" <<a href="mailto:gnso-improvem-impl-sc@icann.org">gnso-improvem-impl-sc@icann.org</a>>, Julie Hedlund <<a href="mailto:julie.hedlund@icann.org">julie.hedlund@icann.org</a>>, Mary Wong <<a href="mailto:mary.wong@icann.org">mary.wong@icann.org</a>>, Ron Andruff <<a href="mailto:randruff@rnapartners.com">randruff@rnapartners.com</a>><br><br><br><font face="sans-serif">Dear Anne,</font>
<br>
<br><font face="sans-serif">Thank you for your helpful response
and suggestion - all noted.<br>
</font>
<br><font face="sans-serif">Kind regards,<br>
</font>
<br><font face="sans-serif">Martin</font>
<br><font color="red" face="Arial"><b>Martin C SUTTON </b></font>
<br><font size="1" face="Arial">Manager, Group Fraud Risk & Intelligence
<br>
Global Security & Fraud Risk<br>
Level 8,1 Canada Square,Canary Wharf,London,E14 5AB,United Kingdom</font>
<table>
<tbody><tr>
<td><font size="1" color="red" face="Arial">__________________________________________________________________</font>
<br><font size="1"><br>
</font>
<table width="100%">
<tbody><tr>
<td width="25%">
</td><td width="75%">
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Phone</font>
</td><td><font size="1" color="#4f4f4f" face="Arial"><a href="tel:%2B44%20%280%29207%20991%208074" value="+442079918074" target="_blank">+44 (0)207 991 8074</a></font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Mobile</font>
</td><td><font size="1" color="#4f4f4f" face="Arial"><a href="tel:%2B44%20%280%29777%204556680" value="+447774556680" target="_blank">+44 (0)777 4556680</a></font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Email</font>
</td><td><a href="mailto:martinsutton@hsbc.com" target="_blank"><font size="1" color="red" face="Arial"><u>martinsutton@hsbc.com</u></font></a>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Website</font>
</td><td><a href="http://www.hsbc.com/" target="_blank"><font size="1" color="red" face="Arial"><u>www.hsbc.com</u></font></a></td></tr></tbody></table>
<br>
<br><font size="1" color="red" face="Arial">__________________________________________________________________</font>
<br><font size="1" color="#008000" face="Arial">Protect our environment - please
only print this if you have to!</font></td></tr></tbody></table>
<br>
<br>
<br>
<br>
<br><font size="1" color="#5f5f5f" face="sans-serif">From:
</font><font size="1" face="sans-serif">"Aikman-Scalese,
Anne" <<a href="mailto:AAikman@lrrlaw.com" target="_blank">AAikman@lrrlaw.com</a>></font>
<br><font size="1" color="#5f5f5f" face="sans-serif">To:
</font><font size="1" face="sans-serif">Martin C SUTTON/HGHQ/HSBC@HSBC</font>
<br><font size="1" color="#5f5f5f" face="sans-serif">Cc:
</font><font size="1" face="sans-serif">'Mary Wong' <<a href="mailto:mary.wong@icann.org" target="_blank">mary.wong@icann.org</a>>,
Julie Hedlund <<a href="mailto:julie.hedlund@icann.org" target="_blank">julie.hedlund@icann.org</a>>, "<<a href="mailto:gnso-improvem-impl-sc@icann.org" target="_blank">gnso-improvem-impl-sc@icann.org</a>>"
<<a href="mailto:gnso-improvem-impl-sc@icann.org" target="_blank">gnso-improvem-impl-sc@icann.org</a>>,
'Ron Andruff' <<a href="mailto:randruff@rnapartners.com" target="_blank">randruff@rnapartners.com</a>>, 'Angie Graves' <<a href="mailto:angie@webgroup.com" target="_blank">angie@webgroup.com</a>></font>
<br><font size="1" color="#5f5f5f" face="sans-serif">Date:
</font><font size="1" face="sans-serif">07/03/2015 22:20</font>
<br><span class=""><font size="1" color="#5f5f5f" face="sans-serif">Subject:
</font><font size="1" face="sans-serif">RE: Request
to the SCI - Vote switching</font>
<br>
</span><hr noshade>
<br>
<br>
<br><font color="#004080" face="Calibri">Martin,</font>
<br><font color="#004080" face="Calibri">Although SCI has not met,
there has been some discussion on the list regarding your request on behalf
of the BC Charter subteam. </font>
<br><font color="#004080" face="Calibri"> </font>
<br><font color="#004080" face="Calibri">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.</font>
<br><font color="#004080" face="Calibri">Thank you,</font>
<br><font color="#004080" face="Calibri">Anne</font>
<br><font color="#004080" face="Calibri"> </font>
<br><font color="#004080" face="Calibri"> </font>
<br><font color="#004080" face="Calibri"> </font>
<br><font color="#004080" face="Calibri"> </font>
<br><font color="#004080" face="Calibri"> </font>
<p>
</p><table>
<tbody><tr valign="top">
<td rowspan="7"><img src="cid:_1_1023105C10230C880033E7BA80257E03">
</td><td><font size="1" face="Calibri"><b>Anne E. Aikman-Scalese, Of Counsel</b></font>
</td></tr><tr valign="top">
<td><font size="1" face="Calibri"><b>Lewis Roca Rothgerber LLP | </b></font>
</td></tr><tr valign="top">
<td><font size="1" face="Calibri"><b>One South Church Avenue Suite 700 |
Tucson, Arizona 85701-1611</b></font>
</td></tr><tr valign="top">
<td><font size="1" face="Calibri"><b>(T) <a href="tel:520.629.4428" value="+15206294428" target="_blank">520.629.4428</a> | (F) <a href="tel:520.879.4725" value="+15208794725" target="_blank">520.879.4725</a></b></font>
</td></tr><tr valign="top">
<td><a href="mailto:AAikman@LRRLaw.com" target="_blank"><font size="1" color="blue" face="Calibri"><b><u>AAikman@LRRLaw.com</u></b></font></a><font size="1" face="Calibri"><b>
| </b></font><a href="http://www.lrrlaw.com/" target="_blank"><font size="1" color="blue" face="Calibri"><b><u>www.LRRLaw.com</u></b></font></a>
</td></tr><tr valign="top">
<td>
</td></tr><tr valign="top">
<td></td></tr></tbody></table>
<br><font size="3" color="#004080" face="Times New Roman"> </font>
<p>
</p><table>
<tbody><tr>
<td>
</td><td><font face="Calibri"><b> </b></font></td></tr></tbody></table>
<br><font color="#004080" face="Calibri"> </font>
<br><font face="Tahoma"><b>From:</b> <a href="mailto:martinsutton@hsbc.com" target="_blank">martinsutton@hsbc.com</a> [</font><a href="mailto:martinsutton@hsbc.com" target="_blank"><font face="Tahoma">mailto:martinsutton@hsbc.com</font></a><font face="Tahoma">]
<b><br>
Sent:</b> Friday, March 06, 2015 9:17 AM<b><br>
To:</b> Aikman-Scalese, Anne<b><br>
Subject:</b> Re: Request to the SCI - Vote switching</font>
<br><font size="3" face="Times New Roman"> </font>
<br><font face="Arial">Dear Anne,</font><font size="3" face="Times New Roman">
<br>
</font><font face="Arial"><br>
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. </font><font size="3" face="Times New Roman"><br>
</font><font face="Arial"><br>
Kind regards,</font><font size="3" face="Times New Roman"><br>
</font><font face="Arial"><br>
Martin</font><font size="3" face="Times New Roman"> </font><font color="red" face="Arial"><b><br>
Martin C SUTTON </b></font><font size="1" face="Arial"><br>
Manager, Group Fraud Risk & Intelligence <br>
Global Security & Fraud Risk<br>
Level 8,1 Canada Square,Canary Wharf,London,E14 5AB,United Kingdom</font><font size="3" face="Times New Roman">
</font>
<p>
</p><table>
<tbody><tr>
<td><font size="1" color="red" face="Arial">__________________________________________________________________</font><font size="3" face="Times New Roman">
</font>
<p>
<br>
</p><table width="100%">
<tbody><tr>
<td width="26%">
</td><td width="73%">
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Phone</font><font size="3" face="Times New Roman">
</font>
</td><td><font size="1" color="#4f4f4f" face="Arial"><a href="tel:%2B44%20%280%29207%20991%208074" value="+442079918074" target="_blank">+44 (0)207 991 8074</a></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Mobile</font><font size="3" face="Times New Roman">
</font>
</td><td><font size="1" color="#4f4f4f" face="Arial"><a href="tel:%2B44%20%280%29777%204556680" value="+447774556680" target="_blank">+44 (0)777 4556680</a></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Email</font><font size="3" face="Times New Roman">
</font>
</td><td><a href="mailto:martinsutton@hsbc.com" target="_blank"><font size="1" color="red" face="Arial"><u>martinsutton@hsbc.com</u></font></a><font size="3" face="Times New Roman">
</font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Website</font><font size="3" face="Times New Roman">
</font>
</td><td><a href="http://www.hsbc.com/" target="_blank"><font size="1" color="red" face="Arial"><u>www.hsbc.com</u></font></a></td></tr></tbody></table>
<br><font size="3" face="Times New Roman"><br>
</font><font size="1" color="red" face="Arial"><br>
__________________________________________________________________</font><font size="3" face="Times New Roman">
</font><font size="1" color="#008000" face="Arial"><br>
Protect our environment - please only print this if you have to!</font><p></p></td></tr></tbody></table>
<br><font size="3" face="Times New Roman"><br>
<br>
<br>
<br>
</font><font size="1" color="#5f5f5f" face="Arial"><br>
From: </font><font size="1" face="Arial">Martin
C SUTTON/HGHQ/HSBC</font><font size="3" face="Times New Roman"> </font><font size="1" color="#5f5f5f" face="Arial"><br>
To: </font><font size="1" face="Arial">"Anne
Aikman-Scalese" <</font><a href="mailto:AAikman@LRRLaw.com" target="_blank"><font size="1" color="blue" face="Arial"><u>AAikman@LRRLaw.com</u></font></a><font size="1" face="Arial">></font><font size="3" face="Times New Roman">
</font><font size="1" color="#5f5f5f" face="Arial"><br>
Date: </font><font size="1" face="Arial">26/02/2015
23:21</font><font size="3" face="Times New Roman"> </font><font size="1" color="#5f5f5f" face="Arial"><br>
Subject: </font><font size="1" face="Arial">Re:
Request to the SCI - Vote switching</font><font size="3" face="Times New Roman">
</font>
<div align="center">
<br>
<hr noshade></div>
<br><font size="3" face="Times New Roman"><br>
<br>
<br>
Thank you Anne, much appreciated. <br>
<br>
Martin Sutton<br>
Manager, Group Fraud Risk and Intelligence<br>
Ph: <a href="tel:%2B%2B44%20%280%2920%207991%208074" value="+442079918074" target="_blank">++44 (0)20 7991 8074</a><br>
Mob: <a href="tel:%2B%2B44%20%280%29777%204556680" value="+447774556680" target="_blank">++44 (0)777 4556680</a><br>
Sent from my BlackBerry<br>
<br>
*********************************<br>
<br>
HSBC Holdings plc<br>
Registered Office: 1 Canada Square, London E14 5AB, United Kingdom<br>
Registered in England number 617987<br>
<br>
********************************* </font>
<div align="center">
<br>
<hr></div>
<p><font size="3" face="Times New Roman"><b> From: </b>"Aikman-Scalese,
Anne" [<a href="mailto:AAikman@lrrlaw.com" target="_blank">AAikman@lrrlaw.com</a>]<b><br>
Sent: </b>26/02/2015 20:31 GMT<b><br>
To: </b>Martin C SUTTON<b><br>
Subject: </b>RE: Request to the SCI - Vote switching </font>
</p><p><font color="#004080" face="Calibri"><br>
Thanks Martin. I will bring this before SCI.</font><font size="3" face="Times New Roman">
</font><font color="#004080" face="Calibri"><br>
Anne</font><font size="3" face="Times New Roman"> </font><font color="#004080" face="Calibri"><br>
</font><font size="3" face="Times New Roman"> </font>
</p><p>
</p><table>
<tbody><tr valign="top">
<td rowspan="7"><img src="cid:_1_10226CEC102269180033E7BA80257E03">
</td><td><font size="1" face="Calibri"><b>Anne E. Aikman-Scalese, Of Counsel</b></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr valign="top">
<td><font size="1" face="Calibri"><b>Lewis Roca Rothgerber LLP | </b></font>
</td></tr><tr valign="top">
<td><font size="1" face="Calibri"><b>One South Church Avenue Suite 700 |
Tucson, Arizona 85701-1611</b></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr valign="top">
<td><font size="1" face="Calibri"><b>(T) <a href="tel:520.629.4428" value="+15206294428" target="_blank">520.629.4428</a> | (F) <a href="tel:520.879.4725" value="+15208794725" target="_blank">520.879.4725</a></b></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr valign="top">
<td><a href="mailto:AAikman@LRRLaw.com" target="_blank"><font size="1" color="blue" face="Calibri"><b><u>AAikman@LRRLaw.com</u></b></font></a><font size="1" face="Calibri"><b>
| </b></font><a href="http://www.lrrlaw.com/" target="_blank"><font size="1" color="blue" face="Calibri"><b><u>www.LRRLaw.com</u></b></font></a><font size="3" face="Times New Roman">
</font>
</td></tr><tr valign="top">
<td>
</td></tr><tr valign="top">
<td></td></tr></tbody></table>
<p><font size="3" color="#004080" face="Times New Roman"><br>
</font><font size="3" face="Times New Roman"> </font>
</p><p>
</p><table>
<tbody><tr>
<td>
</td><td><font face="Calibri"><b> </b></font></td></tr></tbody></table>
<p><font color="#004080" face="Calibri"><br>
</font><font size="3" face="Times New Roman"> </font><font face="Tahoma"><b><br>
From:</b> </font><a href="mailto:martinsutton@hsbc.com" target="_blank"><font color="blue" face="Tahoma"><u>martinsutton@hsbc.com</u></font></a><font face="Tahoma">
[</font><a href="mailto:martinsutton@hsbc.com" target="_blank"><font color="blue" face="Tahoma"><u>mailto:martinsutton@hsbc.com</u></font></a><font face="Tahoma">]
<b><br>
Sent:</b> Thursday, February 26, 2015 12:30 PM<b><br>
To:</b> Aikman-Scalese, Anne<b><br>
Subject:</b> Request to the SCI - Vote switching</font><font size="3" face="Times New Roman">
<br>
</font><font face="Arial"><br>
Dear Anne,</font><font size="3" face="Times New Roman"> </font><font face="Arial"><br>
<br>
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.</font><font size="3" face="Times New Roman"> </font><font face="Arial"><br>
<br>
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.</font><font size="3" face="Times New Roman"> </font><font face="Arial"><br>
<br>
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.</font><font size="3" face="Times New Roman">
</font><font face="Arial"><br>
<br>
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.</font><font size="3" face="Times New Roman">
</font><font face="Arial"><br>
<br>
Kind regards,<br>
<br>
Martin</font><font size="3" face="Times New Roman"> </font><font color="red" face="Arial"><b><br>
Martin C SUTTON </b></font><font size="1" face="Arial"><br>
Manager, Group Fraud Risk & Intelligence <br>
Global Security & Fraud Risk<br>
Level 8,1 Canada Square,Canary Wharf,London,E14 5AB,United Kingdom</font><font size="3" face="Times New Roman">
</font>
</p><p>
</p><table>
<tbody><tr>
<td><font size="1" color="red" face="Arial">__________________________________________________________________</font><font size="3" face="Times New Roman">
</font>
<p><font size="3" face="Times New Roman"> </font>
</p><p>
<br>
</p><table width="100%">
<tbody><tr>
<td width="26%">
</td><td width="73%">
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Phone</font><font size="3" face="Times New Roman">
</font>
</td><td><font size="1" color="#4f4f4f" face="Arial"><a href="tel:%2B44%20%280%29207%20991%208074" value="+442079918074" target="_blank">+44 (0)207 991 8074</a></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Mobile</font><font size="3" face="Times New Roman">
</font>
</td><td><font size="1" color="#4f4f4f" face="Arial"><a href="tel:%2B44%20%280%29777%204556680" value="+447774556680" target="_blank">+44 (0)777 4556680</a></font><font size="3" face="Times New Roman">
</font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Email</font><font size="3" face="Times New Roman">
</font>
</td><td><a href="mailto:martinsutton@hsbc.com" target="_blank"><font size="1" color="red" face="Arial"><u>martinsutton@hsbc.com</u></font></a><font size="3" face="Times New Roman">
</font>
</td></tr><tr>
<td><font size="1" color="#4f4f4f" face="Arial">Website</font><font size="3" face="Times New Roman">
</font>
</td><td><a href="http://www.hsbc.com/" target="_blank"><font size="1" color="red" face="Arial"><u>www.hsbc.com</u></font></a></td></tr></tbody></table>
<p><font size="3" face="Times New Roman"><br>
</font><font size="1" color="red" face="Arial"><br>
<br>
__________________________________________________________________</font><font size="3" face="Times New Roman">
</font><font size="1" color="#008000" face="Arial"><br>
Protect our environment - please only print this if you have to!</font></p><p></p><p></p></td></tr></tbody></table>
<p><font size="3" face="Times New Roman"><br>
</font>
</p><div align="center">
<br><font size="3" face="Times New Roman"> </font>
<br>
<hr></div>
<br><font size="3" face="Times New Roman"><br>
-----------------------------------------<br>
SAVE PAPER - THINK BEFORE YOU PRINT!<br>
<br>
This E-mail is confidential. <br>
<br>
It may also be legally privileged. If you are not the addressee you may
not copy,<br>
forward, disclose or use any part of it. If you have received this message
in error,<br>
please delete it and all copies from your system and notify the sender
immediately by<br>
return E-mail.<br>
<br>
Internet communications cannot be guaranteed to be timely secure, error
or virus-free.<br>
The sender does not accept liability for any errors or omissions. </font>
<p><font size="3" face="Times New Roman"> </font>
</p><div align="center">
<br>
<hr></div>
<br><font size="1" color="#808080" face="Arial"><br>
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. </font>
<p><font face="Arial"><br>
<br>
************************************************************<br>
HSBC Holdings plc<br>
Registered Office: 8 Canada Square, London E14 5HQ, United Kingdom<br>
Registered in England number 617987<br>
************************************************************</font>
</p><div align="center">
<br>
<hr></div>
<br><font size="3" face="Times New Roman">-----------------------------------------<br>
SAVE PAPER - THINK BEFORE YOU PRINT!<br>
<br>
This E-mail is confidential. <br>
<br>
It may also be legally privileged. If you are not the addressee you may
not copy,<br>
forward, disclose or use any part of it. If you have received this message
in error,<br>
please delete it and all copies from your system and notify the sender
immediately by<br>
return E-mail.<br>
<br>
Internet communications cannot be guaranteed to be timely secure, error
or virus-free.<br>
The sender does not accept liability for any errors or omissions.</font>
<p><font size="3"><br>
</font>
</p><hr><font size="1" color="#808080" face="Arial"><br>
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. </font>
<p><font face="sans-serif"><br>
<br>
************************************************************<br>
HSBC Holdings plc<br>
Registered Office: 8 Canada Square, London E14 5HQ, United Kingdom<br>
Registered in England number 617987<br>
************************************************************<br>
</font>
</p><div><p></p><hr>
-----------------------------------------<br>SAVE PAPER - THINK BEFORE YOU PRINT!<br><br>This E-mail is confidential. <br><br>It may also be legally privileged. If you are not the addressee you may not copy,<br>forward, disclose or use any part of it. If you have received this message in error,<br>please delete it and all copies from your system and notify the sender immediately by<br>return E-mail.<br><br>Internet communications cannot be guaranteed to be timely secure, error or virus-free.<br>The sender does not accept liability for any errors or omissions.<br>
<p></p></div>
<p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p></p></div><br></div>