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Article 36
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A securities firm shall enter into a margin agreement with, and open a margin account for, a customer before accepting any order from the customer to carry out a margin purchase or short sale of securities.
A securities firm may allow a customer to open one and only one margin account.
When securities firms accept margin account opening applications submitted on behalf of customers by custodian institutions for discretionary investment assets, a customer may not simultaneously open or maintain a margin account of its own and a discretionary investment margin account with the same securities firm.
The margin agreement under the first paragraph shall be prepared by the TWSE in consultation with the TPEx and submitted to the competent authority for ratification.
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