![]() ![]() There is also a risk that iShares MSCI China A UCITS ETF may suffer losses from the default, insolvency or disqualification of a PRC Broker.ĭata Broker means either of the following: To mitigate the Company’s exposure to the PRC Broker(s), the RQFII employs specific procedures to ensure that each PRC Broker selected is areputable institution and that the credit risk is acceptable to the Company. To mitigate the Company’s exposure to the PRC Broker(s), the RQFII employs specific procedures to ensure that each PRC Broker selected is a reputable institution and that the credit risk is acceptable to the Company. In the event of any default of either the relevant PRC Broker or the PRC Custodian in the execution or settlement of any transaction or in the transfer of any funds or securities in the PRC, the Bosera STAR 50 ETF may encounter delays in recovering its assets which may in turn adversely impact the net asset value of the Bosera STAR 50 ETF. There is a possibility that the RQFII may only appoint one PRC Broker for each of the SZSE and the SSE, which may be the same broker. While up to three PRC Brokers can be appointed for each of the Shenzhen and Shanghai stock exchanges, as a matter of practice, it is likely that that only one PRC Broker will be appointed in respect of each stock exchange in the PRC as a result of the requirement in the PRC that securities are sold through the same PRC Broker through which they were originally purchased. If a single PRC Broker is appointed, the relevant RQFII Access Fund may not pay the lowest commission available in the market. There is a risk that the relevant RQFII Access Fund may suffer losses from the default, insolvency or disqualification of a PRC Broker. In such event, the relevant RQFII Access Fund may be adversely affected in the execution of transactions through such PRC Broker. Should, for any reason, the relevant Compartments’ ability to use the relevant PRC Broker be affected, this could dis- rupt the operations of the relevant Compart- ments.
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