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Article NO. Content

Title:

Regulations Governing Responsible Persons and Associated Persons of Securities Firms  CH

Amended Date: 2025.07.18 (Articles 3, 8, 10, 11 amended,English version coming soon)
Current English version amended on 2025.05.08 
Article 21-1 Associated persons of a securities firm who engage in the business of proprietary trading of security tokens (virtual currencies that have the nature of securities), equity crowdfunding business, brokerage business for trading and exchanging beneficial certificates of funds, or proprietary trading of specific foreign bonds shall follow applicable rules adopted by the TPEx.<br/>Responsible persons and associated persons of a securities firm who engage only in security token proprietary trading business, equity crowdfunding business, brokerage business for trading and exchanging beneficial certificates of funds, or proprietary trading of specific foreign bonds are not subject to the provisions of Articles 8 to 11-2 and Articles 15 to 17.