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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules Governing Purchase of Listed Securities by Reverse Auction  CH

Amended Date: 2016.12.30 (Articles 20 amended,English version coming soon)
Current English version amended on 2015.04.02 
Article 9     A securities broker applying to carry out a reverse auction shall collect in advance the full price of the intended purchase from the principal at the time it accepts the order to carry out the reverse auction.
    A securities broker accepting an order to participate in the bidding to sell in a reverse auction shall collect in advance all securities from the principal at the time it accepts the order from the principal.
    Where a securities firm is engaged in either status as provided in Article 2, paragraph 1, the brokerage contract shall contain express provisions for handling default and compensation for damage and loss.