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Amendments

Title：

Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities  CH

Amended Date： 2023.12.28 (Articles 8, 13, 20, 57, 78 amended,English version coming soon)
Current English version amended on 2023.08.17 
Categories： Securities Exchange Market > Margin Transaction
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities(2008.01.08)
Date：
Article 38 Failure by a customer to make timely deposit of margin purchase margin or short sale margin under Article 19 constitutes an event of default, in which case the securities firm shall immediately carry out settlement procedures on behalf of the customer, cancel the margin account and brokerage account, and report the event of default to, and carry out the settlement procedures on behalf of the customer with, the TSEC or the GreTai; on the basis of the securities firm's report, the TSEC or GreTai will forward notice to all securities finance enterprises and securities firms.
For securities or consideration it receives for carrying out settlement procedures on behalf of a customer under the preceding paragraph, a securities firm shall, on the next business day on the TSEC centralized exchange market or through the GreTai automated trade matching system, engage another securities broker to dispose thereof; if the order quote is not executed, it shall continue to be quoted from the next business day.
If an event of default under paragraph 1 occurs to a discretionary investment account, the preceding two paragraphs shall apply, unless the cause is unauthorized trading, in which case the provisions of Article 91-1 of the TSEC Operating Rules or Article 87-5 of the GreTai Trading Rules shall be followed.