| Q4/2009 Narrowed scope of prohibition |
| The Communiqué on Short Sale, Borrowing, Lending and Margin Trading of Capital Market Instruments (Serial V, No: 65) was amended on 20 October 2009 to narrow the scope of the prohibition on margin trading of share certificates. The margin trading prohibition is applicable during public offerings only to the intermediary institution acting as underwriter for the sale of share certificates through public offerings. In its public announcement the CMB stated that the amendments will remove the inequalities between those intermediary institutions acting as best effort underwriting and/or providing teller services and those intermediary institutions acting as underwriters for sales of share certificates through public offerings. |
