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Article 40
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The TWSE and TPEx shall prepare regulations governing business operations for securities firms conducting securities borrowing and lending business, which regulations shall make provisions governing the subject securities with respect to securities borrowing and lending transactions, matters relating to application and redelivery, acceptable forms of collateral, substitution and disposal of collateral, calculation of the collateral ratio, procedures for credit extension operations and risk control, and such other matters as may be required by the competent authority, and the regulations shall be submitted to the competent authority for approval.
A securities firm conducting securities borrowing and lending business shall do so in accordance with the regulations governing such business operations referred to in the preceding paragraph.
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