Section IV Securities Brokers |
| Article 85 | The rates for the commission to be collected from principals by a securities broker engaged to buy or sell securities on a centralized securities exchange market shall be filed by the stock exchange with the Competent Authority for its approval.
The rates for the commission to be collected from principals by a securities broker engaged in buying or selling securities on markets other than a centralized securities exchange market shall be filed by the securities association with the Competent Authority for its approval. |
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| Article 86 | A securities broker engaged by a principal to trade securities shall, in addition to preparing and delivering a trade report to the principal upon execution of a trade, also send a reconciliation statement to each of its principals at the end of each month.
The particulars to be included in the trade report and the reconciliation statement referred to in the preceding paragraph shall be prescribed by an order of the Competent Authority. |
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| Article 87 | Securities brokers shall provide order forms to their principals for their use in buying and selling securities.
The particulars to be included in the order forms referred to in the preceding paragraph shall be prescribed by an order of the Competent Authority. |
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| Article 88 | The documents referred to in paragraph 1 of Article 86, and paragraph 1 of Article 87 shall be kept at the place of business of the securities broker. |
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