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Article NO. Content


Regulations Governing Over-the-Counter Trading Enterprises  CH

Announced Date: 2006.06.27 
Article 17     If any of the circumstances listed below occurs at an OTC trading enterprise, it shall file a report with the Competent Authority:
  1. Temporary suspension of securities trading on the OTC market due to an event of force majeure; also, resumption of trading in such cases.
  2. Malfunction or interruption of the trading system or trading information transmission system.
  3. Tardiness or inability by a securities firm to carry out performance or settlement.
  4. Signing or termination of an OTC trading contract with a securities firm.
  5. Utilization of the clearing and settlement fund deposited by a securities firm with the OTC trading enterprise.
  6. The signing of a cooperation agreement or memorandum of understanding with a foreign exchange, self-regulatory organization, or other institution.
  7. Adoption of a resolution at a shareholders or board of directors meeting.
  8. Preparation and submission of an audit report and notification of the supervisors pursuant to Article 15, paragraph 2 of the Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets.
  9. Any other matter that the Competent Authority requires to be reported.
    The circumstances in subparagraphs 1 to 3 of the preceding paragraph shall be reported to the Competent Authority on the day following the occurrence of the fact; the circumstances in subparagraphs 4 to 7 shall be reported to the Competent Authority within five days following the occurrence of the fact or any change in the status thereof.