Taiwan Stock Exchange - Rules & Regulations Directory
Taiwan Stock Exchange Corporation Securities Borrowing and Lending Rules
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Taiwan Stock Exchange Corporation Securities Lending and Borrowing Regulations(2005.08.31)
This Corporation will not accept application for opening securities lending and borrowing account if a borrower or a lender has any of the following events:
1. Where it is not in compliance with the provisions of Articles 5 and 49 hereof;
2. Where it uses any other's name to open the securities lending and borrowing account;
3. Where the contract entered into with a securities firm for entrustment of securities trading is terminated.
A securities lending and borrowing account opened by a borrower or a lender with the same securities firm place [of business] shall be limited to one account per person. However, this restriction shall not apply to one that is duly permitted by regulations to open two or more trading accounts at the same place of business of the same securities broker.
Where any of the events set forth in any item of the preceding paragraph occurs after a securities lending and borrowing account is opened, this Corporation will suspend its participation in securities lending and borrowing transactions and notify the concerned party to settle their liability, and will cancel such securities lending and borrowing account upon settlement.
If a provisional seizure, provisional injunction, or compulsory execution is imposed by a court upon the borrowed securities of a borrower, Paragraph 2 of Article 41 hereof shall apply mutatis mutandis, and this Corporation may cancel such securities lending and borrowing account upon settlement.
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