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Article NO. Content

Title:

Directions for the Conduct of Wealth Management Business by Securities Firms  CH

Amended Date: 2015.01.21 
24     When a securities firm conducting wealth management business by means of trusts concurrently operates money trusts and securities trusts, the scope of the allocation of its trust assets shall be limited to the following:
  1. Bank deposits.
  2. Government bonds, treasury bills, or negotiable certificates of deposit and commercial paper.
  3. Repo-style bond transactions.
  4. Securities that are listed on a domestic exchange, OTC market, or Emerging Stock market.
  5. Domestic securities investment trust funds and futures trust funds.
  6. Derivative financial instruments.
  7. Futures products traded on a domestic futures exchange.
  8. Lending or borrowing of securities.
  9. Overseas investments or investments involving the operation of foreign exchange business.
  10. Other as approved by the FSC.
    If the scope of allocation of trust assets involves that specified in subparagraph 6, 7, or 9 of the preceding paragraph, it shall comply with the Regulations Governing the Conclusion of Contract by Trust Enterprises and other applicable requirements.
    If the scope of allocation of trust assets involves that specified in paragraph 1, subparagraph 8, it shall be limited to securities lending business that the securities firm has been approved by the FSC to conduct.
    Where a securities firm conducts the type of business specified in Point 4, paragraph 1, subparagraph 3, if such business involves discretionary investment business, then the scope of the investment shall also comply with the Regulations Governing the Conduct of Discretionary Investment Business and other applicable requirements.