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Article NO. Content


Operational Regulations Governing Securities Firms Recommending Trades in Securities to Customers  CH

Amended Date: 2017.11.22 
Categories: Market Supervision > Regulation of Securities Firms
Article 7-1     The research report may be provided to the following non-customers:
  1. professional institutional investors
  2. TWSE or TPEx listed companies, upstream and downstream vendors, and specialists that offer or seek advice
  3. potential customers with an actual need for business development
    A securities firm providing a research report to any of the above-mentioned non-customers shall notify the non-customer that no provision of the content of the report to a third party or conflict of interest is allowed, and shall retain a record of the notification. Said firm must further establish an internal control system with regard to the provision of research reports and, upon its confirmation by the compliance officer or responsible officer and audit officer, present the system to the board of directors for adoption.