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Article NO. Content

Title:

Operating Rules for Securities Business Money Lending by Securities Firms  CH

Amended Date: 2024.09.05 (Articles 2, 7, 12, 13, 14-1, 14-2, 14-3, 14-4, 15, 16, 19-1, 21-1, 23, 25, 27, 34, 36 amended,English version coming soon)
Current English version amended on 2023.07.06 
Categories: Securities Exchange Market > Borrowing of Money
30     A securities firm conducting securities business money lending may not engage in transactions with any party having any of the following relationships with it:
  1. A director, supervisor, representative of a juristic-person director or juristic-person supervisor, employee, or shareholder holding more than 10 percent of the total shares, of the securities firm.
  2. A spouse of a director or supervisor, or of a representative of a juristic-person director or juristic-person supervisor, of the securities firm.
  3. A minor child of a person of a status specified in subparagraph 1 herein.
    The conditions such as financing interest rates and processing fees imposed by a securities firm on related parties and affiliates other than those listed in the preceding paragraph may not be more favorable than those on other customers.
    A securities firm shall incorporate the provisions of the preceding two paragraphs into its internal control system.