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Article NO. Content

Title:

Operating Rules for Securities Firms Handling Non-Restricted Purpose Loan  CH

Amended Date: 2017.11.27
Article 8     A securities firm conducting non-restricted purpose loans may not accept as collateral the securities or other commodities listed below:
  1. Pledged securities or other commodities.
  2. A company's own shares or other equity securities acquired through a buyback of its own shares, donation, merger, transfer of operations, or other reason.
  3. Assets or beneficiary rights trusted by or entrusted to the clients according to trust related regulation.
    For the collateral provided by the clients, the client shall warrant the completeness of the right to the collateral. If there is defect or legal dispute to the collateral, a securities firm shall not grant the loan.