Article 71
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A trade shall be a block trade if any of the below-listed circumstances is present in a single buy order or sell order: 1. Block trade of a single security: refers to a single buy order or sell order for at least 500 trading units of a single listed security. 2. Block trade of a basket of stocks: refers to a single buy order or sell order for at least five listed stocks with a total value of at least NT$15 million. Where a block trade is conducted on a continuous trading basis, it shall meet the standards set forth in the preceding paragraph, provided that where the conditions specified in subparagraph 1 of the preceding paragraph are not met but the total value of the single buy or sell order is at least NT$15 million, the trade may be treated as a block trade of a single security conducted on a continuous trading basis. Where the following conditions are met, a block trade may also be conducted on a cross-trade basis: 1. for a block trade of a single security, where an order is placed for at least 1,000 trading units of a listed security. 2. for a block trade of a basket of stocks, where an order is placed for at least five types of listed stocks with a total value of at least NT$30 million. Where the conditions of subparagraph 1 of the preceding paragraph are not met but the total value of the single buy or sell order is NT$30 million or more, the trade may be treated as a block trade of a single security conducted on a cross-trade basis. Regulations regarding block trades shall be separately adopted by this Corporation and implemented after being filed with the Competent Authority for final approval.
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