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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules Governing Trading of Beneficial Certificates  CH

Amended Date: 2018.12.24 
Categories: Securities Exchange Market > Trading > Beneficial Certificates
Article 10     Any beneficial certificate trade for which gains are distributed by the SITE pursuant to Article 77 of the Regulations Governing Securities Investment Trust Funds, the futures trust enterprise pursuant to Article 78 of the Regulations Governing Futures Trust Funds, or the REIT fund established by the trustee institution pursuant to the REIT contract, and for which settlement is conducted after the date of suspension of changes to entries in the register of beneficial owners, shall be an ex-dividend transaction.
    On the commencement date of ex-dividend trading, the price fluctuation limits for those trades shall be calculated based on the previous day's closing price minus the dollar amount of distributed gains, and the auction reference price at market opening shall be the price arrived at by processing the previous day's closing price, minus the dollar amount of distributed gains, pursuant to Article 7, paragraphs 2 and 3 herein.
    When there is no previous day's closing price on the commencement date of ex-dividend trading, the closing price used as the basis for the calculations referred to in paragraph 2 shall be replaced with the price determined by the principles laid down in Article 58-3, paragraph 4, subparagraph 2 of the TWSE Operating Rules.