Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms Article 9

Under any of the following circumstances, the competent authority may suspend the effectiveness of a securities firm's filing for registration to issue or reopen ETNs:1.The filed registration documents are not submitted in full or do not furnish all the required particulars.2.Any of the circumstances under Article 7, paragraph 2 has arisen.3.The competent authority otherwise considers it necessary to suspend the effectiveness of registration in order to protect the public interest.