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Article 4
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When a customer engages a securities firm for carrying out subscription or sellback of ETNs, the securities firm may only accept the engagement after the customer signs a risk disclosure statement.
Professional institutional investors prescribed in the Regulations Governing Offshore Structured Products, privately placed securities investment trust funds managed by securities investment trust enterprises, futures trust funds offered by futures trust enterprises to persons with prescribed qualifications, discretionary investment accounts managed by securities investment trust enterprises, securities investment consulting enterprises or securities brokers concurrently operating securities investment consulting business, or discretionary investment accounts managed by managed future enterprises need not to sign risk disclosure statement.
The particulars to be included in the risk disclosure statement referred to in the first paragraph will be separately prescribed by the TWSE.
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