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Article 60
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(Conduct Prohibited by Securities Firms)<br/>Except with the approval of the Competent Authority, a securities firm may not engage in the following types of business:<br/>1. Providing margin purchases or short sales for securities transactions.<br/>2. Acting as an agent in margin purchases or short sales for securities transactions.<br/>3. Borrowing or lending securities, or acting as an agent or intermediary in the borrowing or lending of securities.<br/>4. Borrowing or lending money in connection with securities business, or acting as an agent or intermediary for such borrowing or lending of money.<br/>5. In connection with securities business, accepting a commission from a client to act as depository or invest the client's funds.<br/>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.
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