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Article 18
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A securities firm that conducts securities business money lending shall do so in accordance with the regulations governing business operations.<br/>The regulations governing business operations of the preceding paragraph shall clearly specify financing application, repayment, and collateralization methods, standards for calculating collateral financing, calculation of the collateral maintenance ratio, types of maintenance collateral, financing calculation standards and deadlines, procedures for share subscription loans, disposal of collateral, and other matters as required by the competent authority. The regulations shall be drafted by the TWSE in joint consultation with the TPEx and the Taiwan Depository and Clearing Corporation and submitted to the competent authority for final approval.
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