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Article 3
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The monetary amount of a principal's initial buy and sell orders executed in day trading shall be included in the calculation toward the single-day trading limit. However, the monetary amounts of the opposite offsetting orders executed in day trading shall not be included in the calculation toward the single-day trading limit. Trading limit amounts may not be credited back for revolving use on the same day after being offset in day trading.
If the securities broker, pursuant to relevant regulations, does not establish a single-day trading limit for the principal, and the principal engages in day trades, it shall separately establish a limit for day trades. The total sum of sell orders for day trades may not exceed the day trading limit. The monetary amount of buy orders and the monetary amount of canceled sell orders need not be included in the calculation toward the day trading limit. After a limit amount has been offset, it may not be credited back for revolving use on the same day.
The monetary amount of day-trading sell orders by a principal under the preceding paragraph during after-hours fixed-price trading shall be included in the calculation toward the day trading limit, but the monetary amount of unexecuted day-trading sell orders during normal trading hours is not included in the calculation toward the daily limit.
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