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Guidelines for the Commission Agency Services of Securities Firms for Investment in the Money Market of Settlement Money Payable to Clients from Securities Transactions Undertaken on Behalf of Clients  CH

Amended Date: 2015.03.31 
Categories: Market Supervision > Regulation of Securities Firms
   Chapter III Rules Governing Underlying Investments
Article 20    Where performance of the Services by the securities firm requires consent of the beneficiary of the funds pursuant to law that exceeds the scope of the client's authorization under the agreement with respect to the Services, the securities firm shall separately obtain the client's written consent.
Article 21    The securities firm shall establish the method as to how evidence, records or documents such as transaction confirmations, account statements and relevant notices sent from the fund companies shall be kept as part of its internal control system, and regularly check the balance of beneficiary units transacted with the funds in the Investment Account against the number of beneficiary units in inventory and keep a written confirmation.
Article 22    The total amount of funds in the Investment Account the securities firm uses in transactions with companies in which the securities firm has a stake shall not exceed NTD 5 billion or fifty percent of the sum of the used funds, whichever is higher.