Regulations Governing Internal Operating Systems and Procedures for Banks Conducting Financial Derivatives Business Article 23

A bank providing financial derivatives transaction services to a professional institutional investor and a high net worth corporate investorshall enter into an ISDA Master Agreement with the trading counterparty, or follow other standard agreements and customary market practices.If the financial derivatives product contract that a bank enters into with a customer who is neither a professional institutional investor nor a high net worth corporate investor, and the trading documents so furnished, including the master agreement (or ISDA Master Agreement), product prospectus, risk disclosure statement, and trade confirmation document, are in the English language, the bank shall provide a Chinese-language translations thereof.For customers other than professional institutional investors and high net worth corporate investors, a bank shall establish internal operating procedures aiming at protecting customer rights and interests, regarding such as product suitability, notification and disclosure of product risks, and handling of trading disputes, and conduct business in accordance with the established operating procedures.Matters to be complied with regarding product suitability, notification of product risks and disclosure of products shall be drafted by the Bankers Association and submitted to the Commission for reference.