Without the permit for operating securities business, neither the securities company nor its domestic branch institutions may operate securities business.
未取得经营证券业务许可证,证券公司及其境内分支机构不得经营证券业务。
A branch that has been authorized to engage in securities business for the account of the securities company or securities asset management business may not engage in other businesses.
分公司经授权经营证券自营业务或者证券资产管理业务的,不得经营其他业务。
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