Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Operational Regulations Governing Securities Firms Recommending Trades in Securities to Customers 

Amended Date: 2017.11.22 
Categories: Market Supervision > Regulation of Securities Firms
Article 7
    In recommending trade in securities to customers, a securities firm shall, after having the research report signed by the responsible person of the securities firm or the head of the authorized and responsible department, have the recommendations thereunder made by an associated person who handles securities brokerage trading business.
    The research report may be delivered directly to the customer through a system or network under the name of the securities firm's overseas parent company (or headquarters) or of an affiliated enterprise of the overseas parent company (or headquarters), without being subject to the requirement of approval by the responsible person or the head of the authorized and responsible department under the preceding paragraph.
    If the securities firm delivers the research report by the method under the preceding paragraph, it shall simultaneously deliver the report to the responsible person or the head of the authorized and responsible department and to at least one associated person who handles brokerage trading business and is responsible for making the recommendations, to handle relevant matters.

Interpretation:

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