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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules for Administration of the Joint Responsibility System Clearing and Settlement Fund  CH

Amended Date: 2022.07.04 
Categories: Securities Exchange Market > Clearing and Settlement
Article 7     The Committee shall hold a meeting once a month, and may hold special meetings when necessary. All meetings are to be convened by the chairperson. If the chairperson is for any reason unable to exercise the powers of the chairperson, he or she may appoint another member to serve as his or her proxy, and if for any reason the chairperson is unable to make such an appointment, the members shall elect from among themselves one person to serve as the proxy.
    A resolution of the Committee requires the approval of a majority of the members present at a meeting attended by two-thirds or more of the members.
    Any resolution of the Committee regarding subparagraph 4, item 2 or 3 of the preceding Article requires the approval of two-thirds or more of the members present at a meeting attended by two-thirds or more of the members.
    A member appointed by a securities firm may not participate in voting, or exercise voting rights on behalf of another member, on any agenda item that involves any interest of the securities firm under subparagraph 4 of the preceding Article.
    The members and non-voting participants present at a meeting may not without due cause divulge any matter discussed during meeting proceedings.