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Article NO. Content

Title:

Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities  CH

Amended Date: 2023.12.28 (Articles 8, 13, 20, 57, 78 amended,English version coming soon)
Current English version amended on 2023.08.17 
Categories: Securities Exchange Market > Margin Transaction
Article 18     The beneficial ownership of beneficial certificates is deemed excessively concentrated as in Article 10, paragraph 1 under any of the following circumstances:
  1. The number of beneficiaries holding not more than 100,000 beneficial units is less than 1,000.
  2. The number, as entered in the beneficiary register, of units of beneficial rights held by beneficiaries whose beneficial rights holding exceeds 5% of the total amount of the fund exceeds 80% of the total amount of the fund.
  3. Other circumstances where the beneficial ownership may be deemed excessively concentrated.
    The preceding paragraph does not apply to ETF beneficial certificates, offshore ETF beneficial certificates, and futures ETF beneficial certificates.