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Article 15
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When a principal, after selling securities on the spot market, fails to complete an opposite purchase to close out the day trade, the securities broker shall input an itemized report of the shortfall of securities in day trading into the computer system designated by the TWSE or GTSM by 6 p.m. on the trade date.
When a securities broker conducts securities lending to cover a shortfall in securities deliverable in day trading under Article 7, it shall by 6 p.m. on the day of the securities lending, input an itemized report of the lending and borrowing of the securities into the Platform for Reporting Shortfalls in Securities Deliverable in Day Trading, so that a notice can be forwarded to the Taiwan Depository & Clearing Corporation to carry out the securities transfer procedures. If the source of the securities lent by the securities broker is another securities broker, the other securities broker also shall simultaneously input an itemized report of the lending of the securities into the Platform for Reporting Shortfalls in Securities Deliverable in Day Trading.
When a securities broker authorizes a financial enterprise to bid or negotiate on its behalf for the borrowing of securities under Article 8, it shall, by 6 p.m. on the first business day after the execution of the sale of the securities in the spot market, input an itemized report of the borrowing of the securities into the Platform for Reporting Shortfalls in Securities Deliverable in Day Trading, so that a notice can be forwarded to the Taiwan Depository & Clearing Corporation to carry out the securities transfer procedures.
A securities broker shall, by 10 a.m. on the second business day after the trade date of the forced repurchase, input an itemized report of the repurchase into the computer system designated by the TWSE or the GTSM.
A securities broker shall, by 6 p.m. on the second business day after the trade date of the forced repurchase, input an itemized report of the return of securities borrowed to cover a shortfall in securities deliverable in day trading under Article 7 into the Platform for Reporting Shortfalls in Securities Deliverable in Day Trading, so that a notice can be forwarded to the Taiwan Depository & Clearing Corporation to carry out the securities transfer procedures.
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