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Article NO. Content


Securities and Exchange Act  CH

Amended Date: 2020.05.19 
Article 49 (Limit on Aggregate Liabilities of a Securities Firm)
    The aggregate liabilities of a securities firm shall not exceed a prescribed multiple of its capital net worth; the aggregate current liabilities shall not exceed a prescribed percentage of its aggregate current assets.
    The foregoing multiple and percentage shall be prescribed by the Competent Authority.