191.tender offer 收购要约，要约收购；投标报价

192.target company（收购的）目标公司

e.g. It shall be stipulated in atender offer as issued to a listed companythat, where the share amount as promised to be sold by the shareholders of the target company exceeds the scheduled amount of stocks for purchase, the purchaser shall carry out the acquisition according to the relevant percentage.

【译】收购上市公司部分股份的收购要约应当约定，被收购公司股东承诺出售的股份数额超过预定收购的股份数额的，收购人按比例进行收购。

【讲解】

（1）例句词汇：tender offer 收购要约，投标报价

（2）语法讲解：形式主语it的用法

193.overstep[ v 'step]v. 逾越，超出 的限度

194.conclude[k n'klu d]v. 结束，作结论；达成（协议），订立（合同）

195.council['ka ns( )l; -s l]n. 理事会

196.disqualify [d s'kw l fa ]v. 取消 的资格

e.g. Where a professional[pr 'fe ( )n( )l]（n. 专业人员，职业运动员 adj. 专业的，职业的）of a law firm, accounting firm or investment consulting organization, financial advising organization, credit rating institution, asset appraisal institution or asset verification institution who has been disqualified for his irregularity or disciplinary breach and if it' has been within 5 years as of the day when he is removed from his post.

【译】因违法行为或者违纪行为被撤销资格的律师、注册会计师或者投资咨询机构、财务顾问机构、资信评级机构、资产评估机构、验证机构的专业人员，自被撤销资格之日起未逾五年。

197.settlement and delivery 结算交割

198.real time quotations/JIT quotations 即时行情

199.measures of a technical suspension of trading技术性停牌的措施

200.temporary ['temp( )r r ] （adj.临时的 n. 临时工）speed bump[b mp]（肿块，隆起物，撞击）临时停市

【讲解】

speed bump 减速带（= sleeping policeman），引申为“停市措施”。

201.real-time[,r l 'ta m]adj. 实时的，

202.seat fee 席位费

203.risk fund 风险基金

204.rule-breaking trading 违规交易

205.disciplinary['d s pl n( )r ;,d s 'pl n-]（纪律的，训诫的，多学科的）sanction['sæ (k) ( )n]（n.& v.制裁，处罚，认可，支持）纪律处分

206.security company 证券公司

207.post-holding qualification 任职资格

208.securities brokerage['br k( )r d ]（佣金，回扣，中间人业务）证券经纪，所以说 209.securities investment consulting证券投资咨询

210.financial advising财务顾问

211.securities asset management证券资产管理