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Article 60
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Except with the approval of the Competent Authority, a securities firm may not engage in the following types of business:<br/>1. Margin purchases or short sales in securities trading.<br/>2. Acting as an agent for margin purchases or short sales in securities trading.<br/>3. Borrowing or lending securities or acting as an agent or broker for the borrowing or lending of securities.<br/>4. Borrowing or lending money in connection with securities business or acting as an agent or broker for such borrowing or lending.<br/>5. Accepting engagement by a customer to keep custody of and utilize money of the customer in connection with securities business.<br/>Regulations governing matters including the qualifications, personnel, business, and risk management of a securities firm applying for approval to engage in related business under the preceding paragraph shall be prescribed by the Competent Authority.
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