CHAPTER I GENERAL PROVISIONS |
| Article 1 | These Regulations have been prescribed pursuant to paragraph 2 of Article 43 of the Securities and Exchange Act and paragraph 4 of Article 34 of the Securities Investment Trust and Consulting Act.
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| Article 2 | Securities in the custody of a centralized securities depository enterprise (below, "CSDE") and eligible for book-entry transfer shall be limited to one of the following:
1. Securities listed on the Taiwan Stock Exchange (TWSE).
2. Securities traded over the counter of securities firms.
3. Other securities approved by the Financial Supervisory Commission (FSC). |
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| Article 3 | Centralized settlement of securities as referred to in the preceding article by the TWSE, the Taipei Exchange (TPEx), securities firms, and securities finance enterprises shall be conducted by book entry.
In order to conduct book-entry settlement as referred to in the preceding paragraph, the TWSE, the TPEx, securities firms, and securities finance enterprises shall open accounts with a CSDE, and thus become participants of a CSDE.
Where the securities referred to in the preceding article are pledged, participants may deliver the pledged securities by book-entry transfer.
An issuer that delivers non-physical securities by book-entry transfer shall open an account with a CSDE and thus become a participant of a CSDE.
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| Article 4 | Deposit or withdrawal of securities by a customer of a participant (below, the "customer"), and book-entry settlement or pledging of the deposited securities shall be conducted in the name of the participant.
An issuer delivering non-physical securities by book-entry transfer, and its shareholders carrying out account transfer procedures, shall do so in the name of the participant.
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