with the intention to resell or seek benefits from the price changes or price differences [short-term speculation]. The provision in Paragraph 1 shall not apply to a securities intermediary in the

wishing to apply for approval of an offer for sale of newly issued depositary receipts shall submit an application and other evidentiary documentation to the SEC Office in accordance with the rules

within 30 December 2018; (2) a company which is newly established to apply for the agricultural derivatives business license , except the companies under (1). Clause 4 An applicant shall be granted the

within 30 December 2018; (2) a company which is newly established to apply for the agricultural derivatives business license, except the companies under (1). 1 As amended by the Notification of the

within 30 December 2018; (2) a company which is newly established to apply for the agricultural derivatives business license, except the companies under (1). 1 As amended by the Notification of the

for sale to the public in the respective local market could apply for an expedited review process if it intends to invest in a master fund that meets the requirements set out in the SFC and SEC Circular

hedge to prevent risks from changing in price or value without delay. The provision in the first paragraph shall not apply to the derivatives broker who enters into an option contract as an option holder

Clause 5, such derivative broker shall perfectly hedge to prevent risks from changing in price or value without delay. (UNOFFICIAL TRANSLATION) The provision in the first paragraph shall not apply to the

) The provision in the first paragraph shall not apply to the derivatives broker who enters into an option contract as an option holder. The word “option contract” means the contract with the

. (Translation) 4 Clause 6. 6 Repealed. Clause 7. The provision under Clause 3(1)(b) shall not apply to the person holding the position of branch manager, or other equivalent positions called otherwise, of the