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Article NO. Content

Title:

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

Amended Date: 2018.11.12 
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 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.