Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules Governing Purchase of Listed Securities by Reverse Auction 

Amended Date: 2024.01.09 (Articles 2 amended,English version coming soon)
Current English version amended on 2016.12.30 
Categories: Securities Exchange Market > Trading > Securities Transaction
Article 9
    A securities broker applying to carry out a reverse auction shall collect in advance the full price of the intended purchase from the principal at the time it accepts the order to carry out the reverse auction.
    A securities broker accepting an order to participate in the bidding to sell in a reverse auction shall collect in advance all securities from the principal at the time it accepts the order from the principal.
    Where a securities firm is engaged in either status as provided in Article 2, paragraph 1, the brokerage contract shall contain express provisions for handling default and compensation for damage and loss.

Relevant Laws:

Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw