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Article NO. Content

Title:

Regulations Governing the Sale of Securities Obtained by Securities Underwriters on a Firm Commitment Basis  CH

Amended Date: 2023.11.14 
Article 5     When a securities underwriter sells securities under subparagraph 2 of paragraph 1 of Article 2, except in the case of straight corporate bonds or when there is good cause and the underwriter has obtained special-case approval by the Commission, the underwriter may not, within 6 months after obtaining the securities, sell more than 50 percent of the quantity obtained.