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Article 12
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A securities broker accepting a trading order under normal settlement terms shall collect the securities sold or the purchase price of the securities from the principal when the order is transacted or prior to 10 a.m. on the second business day after the trade date.
A securities broker shall reporting delayed settlement for an offshore overseas Chinese, foreign national, or mainland area investor to the TWSE shall comply with the Guidelines for Securities Brokers in Reporting Delayed Settlement and Default by Principals adopted by the TWSE.
A securities broker accepting an order for margin trading shall collect the legally required margin for margin purchases or deposits for short sales from the principal before10 a.m. on the second business day after the trade date.
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