4.39.2
Permissible Activities
Added on 3 June 20193 June 2019.
4.39.3
Supervision of Staff
Added on 3 June 20193 June 2019.
4.39.4
Effective Controls and Segregation of Duties
Added on 3 June 20193 June 2019.
4.39.5
Staffing
A Trading Member shall ensure that its staff undertaking the research or corporate finance activities have an adequate headcount and possess relevant expertise and experience.
Added on 3 June 20193 June 2019.
4.39.6
Setting of Limits
A Trading Member's underwriting commitment limits must be set by its senior management staff independent of the corporate finance and dealing departments.
Added on 3 June 20193 June 2019.
4.39.7
Investment Recommendations
A Trading Member and its staff undertaking research activities must:
Added on 3 June 20193 June 2019.
4.39.8
Records
A Trading Member must maintain records of its research report or investment recommendation for seven years.
Added on 3 June 20193 June 2019.
4.39.9
Disclosure
A Trading Member and its staff undertaking research activities must disclose:
Added on 3 June 20193 June 2019.
4.39.10
Trade Restrictions for Trading Member Undertaking Research
A Trading Member and its staff undertaking research activities must not:
Added on 3 June 20193 June 2019.
4.39.11
Trade Restrictions for Trading Member Undertaking Corporate Finance
Added on 3 June 20193 June 2019.