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Article NO. Content


Securities and Exchange Act  CH

Amended Date: 2020.05.19 
Article 81 (Restrictions on the Total Amount of Firm Commitment Underwriting of Underwriters)
    An underwriter's total amount of a firm commitment underwriting shall not exceed a certain multiple of the balance of its current assets less its current liabilities; standards for such multiple shall be prescribed by the Competent Authority.
    The preceding paragraph shall apply to the calculation of the amount of firm commitment underwriting by each participating underwriter in the underwriting syndicate.