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Amendments

Title:

Regulations Governing Responsible Persons and Associated Persons of Securities Firms  CH

Amended Date: 2021.05.06 

Title: Regulations Governing Responsible Persons and Associated Persons of Securities Firms(2007.10.02)
Date:
Article 4 Associated persons of a securities firm shall be employed full time, provided that this restriction shall not apply if otherwise provided by the Commission.
The following associated persons of a securities firm shall not engage in business beyond the scope for which they are registered nor shall such business be concurrently performed by other associated persons, unless otherwise prescribed in other laws or regulations:
1. persons engaged in securities brokerage trading;
2. persons engaged in proprietary trading of securities;
3. internal auditors;
In the case of a futures commission merchant that concurrently operates securities business, if the brokerage trading business under subparagraph 1 of the preceding paragraph is performed by associated persons qualified as such for both securities and futures business, such persons may concurrently engage in brokerage securities trading and brokered futures trading; if the proprietary trading business under subparagraph 2 of the preceding paragraph is performed by associated persons qualified as such for both securities and futures business, such persons may concurrently engage in proprietary securities trading and proprietary futures trading; if the internal auditing under subparagraph 3 of the preceding paragraph is performed by associated persons qualified as such for both securities and futures business, such persons may concurrently engage in the internal auditing of securities and futures business activities.
In the case of a futures commission merchant that concurrently operates securities business, a managerial officer of its department handling futures brokerage trading business, who furthermore meets the qualifications set out in Articles 8 and 10 herein, may concurrently serve as a managerial officer of its department handling securities brokerage trading; a managerial officer of its department handling proprietary futures trading, who furthermore meets the qualifications set out in Articles 8 and 10 herein, may concurrently serve as a managerial officer of its department handling proprietary securities trading.
Except as otherwise provided by law or regulation, the provisions of paragraphs 3 and 4 shall apply mutatis mutandis to other financial institutions (financial institutions other than futures commission merchants) that concurrently operate securities business.
An agent of a securities firm shall not engage in or concurrently engage in the business engaged in by a senior agent.