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Article NO. Content

Title:

Securities and Exchange Act  CH

Amended Date: 2020.05.19 
Article 60 (Conduct Prohibited by Securities Firms)
    Except with the approval of the Competent Authority, a securities firm may not engage in the following types of business:
  1. Providing margin purchases or short sales for securities transactions.
  2. Acting as an agent in margin purchases or short sales for securities transactions.
  3. Borrowing or lending securities, or acting as an agent or intermediary in the borrowing or lending of securities.
  4. Borrowing or lending money in connection with securities business, or acting as an agent or intermediary for such borrowing or lending of money.
  5. In connection with securities business, accepting a commission from a client to act as depository or invest the client's funds.
    Regulations governing the qualifications, personnel, operations, and risk management of a securities firm applying for approval to engage in related business in accordance with the preceding paragraph shall be prescribed by the Competent Authority.