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Amendments

Title：

Standards Governing Eligibility of Securities for Margin Purchase and Short Sale  CH

Amended Date： 2023.12.28 
Article Content Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Standards Governing Eligibility of Securities for Margin Purchase and Short Sale(2008.10.14)
Date：
Article 6 When the aggregate figure for either long margin positions or open interest in a given stock that is eligible for margin purchase and short sale transactions reaches a certain percentage limit of total exchange-listed or OTC-listed shares as set forth by the competent authority, margin purchases and short sales shall be suspended. Margin purchases and short sales shall be reinstated when the ratio falls back below the percentage as set forth by the competent authority.
In order to implement the provisions set out in the preceding paragraph, securities exchanges and OTC markets may conduct allocation and report same to the competent authority for recordation. When a securities finance enterprise or a securities firm handling margin purchases and short sales of securities conducts a margin purchase or short sale, the volume of the transaction may not exceed the volume of securities allocated by the securities exchange or OTC market for margin purchase and short sale.
The provisions of the preceding two paragraphs apply mutatis mutandis to beneficial interest certificates; provided, the calculation of the number of beneficial interest units of exchange-traded fund beneficial interest certificates shall be done on the basis of the total number of issued beneficial interest units as of the preceding business day.
The provisions of paragraphs 1 and 2 apply mutatis mutandis to Taiwan depositary receipts; provided, the calculation of the number of beneficial interest units of exchange-traded fund beneficial interest certificates shall be done on the basis of the total number of units as of the preceding business day after redemption.