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Amendments

Title:

Operation Directions for the Advance Collection of Funds and Securities by Securities Brokers in Brokerage Trading  CH

Amended Date: 2017.11.15 
Categories: Market Supervision > Regulation of Securities Firms

Title: Operation Directions for the Advance Collection of Funds and Securities by Securities Brokers in Brokerage Trading(2014.02.27)
Date:
1     Where a securities broker accepts an order to trade full delivery securities as defined by the TWSE or securities for which the TWSE otherwise requires advance collection of funds and securities, the broker may register the trading only if it collects full or a certain percentage of the funds and securities in advance and puts a note on the trading order, unless the securities firm uses a default-handling account to trade full delivery securities or securities under disposal.
    The securities broker may collect payments of which advance collection is required, one business day before the day of the trading order.