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Article 33
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A securities firm conducting business relating to custody and investment of funds on behalf of customers shall assign qualified associated persons to engage in outright transactions and repo transactions with counterparties.
When a securities firms uses funds from the cash management account to engage in outright transactions and repo transactions with itself, the function of associated persons for the business described in the preceding paragraph may not be performed by associated persons engaging in proprietary trading operations for that business, and vice versa.
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