• Font Size：
  • S
  • M
  • L

Article NO. Content

Title：

Guidelines Governing the Creation of Customer Ledgers of Securities Firms' Settlement Accounts  CH

Amended Date： 2023.12.29 (Articles 3, 3-3, 7, 11, 12, 14, 18, 20 amended,English version coming soon)
Current English version amended on 2022.10.19 
Categories： Market Supervision > Regulation of Securities Firms
Article Content Chapter Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese
Article 17     A securities firm shall pay any monies payable by a customer with the funds in the Settlement Account first. Where the securities firm has created a separate ledger for such customer under each customer funds retention account opened by the customer with different financial institutions, the securities firm shall pay the above-mentioned monies with the amount specified in each ledger, then with funds in the savings account opened by the customer with a financial institution designated by the securities firm in the event of a deficiency; if said monies are still not covered in full by such funds in the savings account, the securities firm shall immediately notify the customer.