Regulatory Alerts2010-01-15
Added · Updated
SFC Circular on Prudent Risk Management for Margin Financing and Rusal Listing Conditions
The Securities and Futures Commission issued this circular to remind intermediaries of prudent risk management requirements when providing margin financing for United Company Rusal Limited shares. Intermediaries must set prudent credit limits, assign adequate margin ratios, and monitor aggregate exposure while ensuring compliance with specific listing conditions regarding placee eligibility and suitability. The regulator warns that imprudent risk management or breaches of these conditions will be viewed seriously.
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