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Amendments

Title：

Regulations Governing Securities Borrowing and Lending by Securities Firms  CH

Amended Date： 2015.11.02 
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Regulations Governing Securities Lending by Securities Firms(2010.07.06)
Date：
Article 16     A securities firm conducting securities lending business shall enter into a securities lending agreement with each customer, and shall open one and only one securities lending account for each customer.
    The securities firm shall approve a line of credit to a customer based on the result of a credit check against such customer, and furnish a risk disclosure statement disclosing therein the risks associated with securities lending transactions.
    A securities firm may lend securities to the following persons only:
  1. A person who has a brokerage contract with the securities firm that has been in effect for a period of more than three months.
  2. Such other persons as may be approved by the competent authority.
    A securities firm conducting securities lending business, unless otherwise provided by the competent authority, may not engage in such business with another securities firm as the counterparty.