| Title： |
Taiwan Stock Exchange Corporation Standards Governing Principal Identification and Management of Credit Line Categorization in the Processingby Securities Firms of Account Opening(2016.09.26) |
| Date： |
|
|
Article 1
|
These Standards are established in accordance with Article 75-1 of the Operating Rules of the Taiwan Stock Exchange Corporation and Article 3 of the Taiwan Stock Exchange Corporation Regulations Governing Brokerage Contracts of Securities Brokers.
|
|
Article 2
|
Accounts opened by a customer online as handled by a securities firm are divided into three types. The identification procedure, agreed strength and single-day trading limit requirement are as follows:
┌────┬───────┬────┬────────────┐
│Type of │Identification│Agreed │Single-Day Trading Limit│
│Account │Procedure │Strength│ │
├────┼───────┼────┼────────────┤
│Type 1 │Handle account│Agree to│1.NT$1 million. │
│ │opening by │a single│2.A securities firm may │
│ │correspondence│-day │ determine the manner │
│ │or electronic │trading │ of credit checking in │
│ │means that is │limit │ its sole discretion, │
│ │sufficient to │ │ provided it shall │
│ │identify the │ │ conduct such checking │
│ │principal as │ │ again in accordance │
│ │the applicant │ │ with the Taiwan │
│ │itself or its │ │ Securities Association│
│ │indication of │ │ Self-Regulatory Rules │
│ │intent. │ │ on Understanding of │
│ │ │ │ Customers and Credit │
│ │ │ │ Checking and Credit │
│ │ │ │ Line Management │
│ │ │ │ inConsignment Trading │
│ │ │ │ by Members, in the │
│ │ │ │ event of an adjustment│
│ │ │ │ to the single-day │
│ │ │ │ trading limit. │
├────┼───────┼────┼────────────┤
│Type 2 │Apply for │Financi-│Pursuant to the Taiwan │
│ │account │al proof│Securities Association │
│ │opening with a│, such │Self-Regulatory Rules on│
│ │natural person│as docu-│Understanding of │
│ │certificate │mentati-│Customers and Credit │
│ │plus video │on of │Checking and Credit Line│
│ │imaging. │annual │Management in │
│ │ │personal│Consignment Trading by │
│ │ │income. │Members, a securities │
│ │ │ │firm is to determine in │
│ │ │ │its sole discretion the │
│ │ │ │operating procedure for │
│ │ │ │estimating single-day │
│ │ │ │trading limits. │
├────┼───────┼────┼────────────┤
│Type 3 │Handle account│The sec-│1.The NT$1 million │
│ │opening by │urities │ single-day trading │
│ │correspondence│firm and│ limit applicable to │
│ │or electronic │a │ Type 1 accounts does │
│ │means that is │customer│ not apply. │
│ │sufficient to │opening │2.Pursuant to the │
│ │identify the │an │ Taiwan Securities │
│ │principal as │account │ Association │
│ │the applicant │online │ Self-Regulatory Rules │
│ │itself or its │agree to│ on Understanding of │
│ │indication of │advance │ Customers and Credit │
│ │intent. │payment │ Checking and Credit │
│ │ │or │ Line Management in │
│ │ │earmark-│ Consignment Trading by│
│ │ │ing for │ Members, a securities │
│ │ │purchase│ firm is to determine │
│ │ │, with │ in its sole discretion│
│ │ │no │ the operating │
│ │ │financi-│ procedure for │
│ │ │al proof│ estimating single-day │
│ │ │required│ trading limits. │
└────┴───────┴────┴────────────┘
|
|
Article 3
|
These Standards shall take effect after having been submitted to and approved by the competent authority. Subsequent amendments thereto shall be effected in the same manner.
|