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Article NO. Content


Securities and Exchange Act  CH

Amended Date: 2020.05.19 
Article 103 (Nature of a Membership Stock Exchange and Membership Eligibility)
    A membership stock exchange is a juristic association formed for the non-profit purposes; in addition to the provisions of this Act, a membership stock exchange shall also be governed by the provisions of the Civil Code.
    The membership of a stock exchange referred to in the preceding paragraph shall be limited to securities dealers and securities brokers.