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Article NO. Content

Title：

Directions for Reporting and Handling of Out-Trades and Account Number Corrections by Securities Brokers  CH

Amended Date： 2019.01.07 
Categories： Securities Exchange Market > Out-trade
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese
5     Guidelines for handling of reporting of out-trades and account number corrections:
  1. A securities broker shall only report out-trades and account number corrections based on real errors and shall not have the following circumstances:
    1. To report an account number correction when an out-trade should have been reported, and vice versa.
    2. To report out-trades or account number corrections because investors have failed to complete share transfers in accordance with the procedures required for insiders.
    3. To report out-trades or account number corrections because investors are in violation of the regulations prohibiting sellout during the period of buyback of treasury stock by insiders or interested parties.
    4. To report out-trades or account number corrections because investors are in violation of the requirements on insider's right of claim for the recovery.
    5. To avoid regulatory compliance that should be complied with, or to facilitate investors to report inappropriate or false out-trades or account number corrections for their trades not because of an error attributable to the securities broker.
    6. To report out-trades or account number corrections based on other unreal errors.
  2. The securities broker shall bear liability for its encroachment on the rights and interest of the investor or for disputes arising out of the reporting and handling of out-trades or account number corrections.

Interpretation：