Chapter 6 Management and Regulation of Futures ETF Beneficial Certificates |
| Article 23 | With respect to futures ETF beneficial certificates, in the event of a cumulative decline of 65% or more of the average net asset value per unit of the fund from the initial net asset value per unit of the fundfor the most recent 10 business days, then from the next business day following the public announcement by the TWSE, margin purchase and short sale transactions shall be halted, and securities borrowing and lending and day trading shall be suspended.
With respect to futures ETF beneficial certificates, in the event of a cumulative decline of less than 65%in the daily net asset value per unit of the fund from the initial net asset value per unit of the fundfor 30 consecutive business daysfrom the implementation date of the measures under the preceding paragraph, then from the next business day following the public announcement by the TWSE, margin purchase and short sale transactions, securities borrowing and lending, and day trading shall be resumed.
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| Article 24 | With respect to futures ETF beneficial certificates, in the event of a cumulative decline of 75% or more in the average net asset value per unit of the fund from the initial net asset value per unit of the fundfor the most recent 10 business days, then from the next business day following the public announcement by the TWSE, securities brokers engaging in brokerage trading of the beneficial certificates together with the call (put) warrants that they underly shall collect in full the funds and securities in advance.
The operation method for the advance collection of funds and securities under the preceding paragraph shall be subject mutatis mutandis to the Operation Directions for the Advance Collection of Funds and Securities by Securities Brokers in Brokerage Trading.
With respect to futures ETF beneficial certificates, in the event of a cumulative decline of less than 75% in the daily net asset value per unit of the fund from the initial net asset value per unit of the fundfor 30 consecutive business days from the implementation date of advance collection of funds and securities under the preceding paragraph, then from the next business day following the public announcement by the TWSE, the requirement that securities brokers engaging in brokerage trading of the beneficial certificates together with the call (put) warrants that they underly collect in full the funds and securities in advance shall be cancelled.
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| Article 25 | With respect to futures ETF beneficial certificates, in the event of a cumulative declineof 85% or morein the average net asset value per unit of the fund from the initial net asset value per unit of the fundfor the most recent 10 business days, then from the next business day following the public announcement by the TWSE, other investors may only sell and may not place purchase ordersin trading beneficial certificates together with the call (put) warrants that they underly, with the exception of a call (put) warrant liquidity provider account or hedge account or a futures ETF beneficial certificate liquidity provider account.
With respect to futures ETF beneficial certificates, in the event of a cumulative decline of less than 85% in the daily net asset value per unit of the fund from the initial net asset value per unit of the fund for 30 consecutive business days from the implementation date of the measures under the preceding paragraph, then from the next business day following the public announcement by the TWSE, investors may resume placing purchase orders for the beneficial certificates together with the call (put) warrants that they underly.
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