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Article NO. Content

Title：

Rules Governing the Proprietary Trading of Foreign Bonds by Securities Firms  CH

Amended Date： 2022.06.08 
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese
Article 4     For the purposes of these Rules, the following terms shall have the following meanings:
  1. "Foreign bonds": means any foreign currency denominated bonds, mortgage-backed securities, or collateralized debt obligations issued outside the Republic of China by a local or a foreign issuer.
  2. "Derivative-based hedging": means any transactions involving financial derivatives that are engaged in by securities firms for hedging purposes, as needed in connection with proprietary trading of foreign bonds.
  3. "Professional Investor": means a professional investor as defined in Article 3, paragraph 3 of the Regulations Governing Offshore Structured Products.
  4. "Non-professional investor": means an investor other than a professional investor as defined in the preceding subparagraph.
  5. "Professional institutional investor": means a professional institutional investor as defined in Article 3, paragraph 3 of the Regulations Governing Offshore Structured Products.
  6. "High net worth juristic person investor": means a high net worth juristic person investor as defined in Article 3, paragraph 3 of the Regulations Governing Offshore Structured Products.
  7. "Professional investor juristic person or fund": means a professional investor juristic person or fund as defined in Article 3, paragraph 3 of the Regulations Governing Offshore Structured Products.
  8. "High-asset customer ": means a high-asset customer as defined in Article 3-1 of the Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities.

Relevant Laws：