Chapter 1 - General Regulations |
| Article 1 | These Rules are established in accordance with Article 140 of the Securities and Exchange Act, and Article 14, paragraph 2 of the Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms (the "Issuance Regulations").
|
Info |
| Article 2 | For purpose of these Rules, exchange traded notes (ETNs) refer to securities that are issued by securities firm and are traded in the securities exchange market for which the securities firm pays such compensations linked to the performance of the underlying indexes tracked by the securities upon maturity, and for subscription and sellback of which investors should pay cash.
For the ETNs that track a multiple of the performance or a multiple of the inverse performance of the underlying indexes, the name of the ETNs shall specify the single-day multiples of performance or multiples of inverse performance of the underlying indexes being tracked.
|
|
| Article 3 | For purpose of these Rules, underlying indexes refer to the indexes tracked by ETNs.
For purpose of these Rules, indicative value refers to the value of ETNs calculated based on price movement, accrued income, and expense payable by investors of the underlying indexes of the ETNs.
For purpose of these Rules, number of issued units refers to the number of units in inventory for market making, plus the number of units held by investors.
|
|