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Article NO. Content

Title：

Guidelines for the Commission Agency Services of Securities Firms for Investment in the Money Market of Settlement Money Payable to Clients from Securities Transactions Undertaken on Behalf of Clients  CH

Amended Date： 2015.03.31 
Categories： Market Supervision > Regulation of Securities Firms
Article Content Chapter Content Search Article No. Search Amended Article Legislative History Chinese
Article 12     The securities firm shall establish an effective internal control system in regard to its provision of the Services. The above internal control system shall state the departments of the securities firm in charge, the procedures for commencement, suspension and resumption of the Services, how the funds used shall be transferred, how the funds less than the threshold amount for utilization as agreed shall be transferred, fund utilization directions, how profits and losses shall be allocated and transferred, management fee, handling of funds for the client's settlement, the client's application for recovery of funds, handling of the client's early termination of the agreement, collection, payment and utilization of money, and other matters relating to account management and data transmission, as well as matters required by the Competent Authority to be specified.