Chapter 4 Restrictions, Fees and Settlement and Delivery |
| Article 14 | ETNs are not eligible for margin purchases and short sales, day trades, money lending in connection with securities business, money lending for unrestricted purposes, securities settlement financing, securities-based lending business, and securities borrowing and lending transactions, nor may they be used as collateral.
The securities borrowing and lending transactions referred to in the preceding paragraph do not include securities borrowings for settlement in accordance with Article 109 of the Operating Rules of the Taiwan Stock Exchange Corporation.
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| Article 15 | A securities firm may not accept customer orders to trade ETNs through omnibus trading accounts, nor may it use ETNs as a subject matter of systematic (fixed-term, fixed-amount) investment business.
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| Article 16 | Commissions or handling charges that are collectible by securities brokers acting for their customers and by the TWSE after the execution of ETN trades shall be governed mutatis mutandis by the relevant provisions regarding listed stocks.
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| Article 17 | Settlement and delivery of ETNs shall be governed mutatis mutandis by the provisions of the Operating Rules of the Taiwan Stock Exchange Corporation.
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