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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules Governing Purchase of Listed Securities by Reverse Auction  CH

Amended Date: 2015.04.02
Article 13     When a securities broker accepts an order from a securities finance enterprise to carry out a reverse auction for exchange-listed securities that will be used either for trade settlement purposes or for purposes of the return of securities obtained in a securities borrowing and lending (SBL) transaction, the securities broker shall submit an application to the TWSE by 2:30 p.m. on the afternoon of the day of the reverse auction. The TWSE will then publicly announce the name, quantity, and other information on the subject securities of the reverse auction via the Market Information System (MIS) website. Once the public announcement has been made, the securities finance enterprise and the securities broker that accepted the order may not apply to amend or cancel it.