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Amendments

Title:

Taiwan Stock Exchange Corporation Rules Governing Trading of Beneficial Certificates  CH

Amended Date: 2021.10.08 (Articles 4-1, 10, 10-2 amended,English version coming soon)
Current English version amended on 2021.04.29 
Categories: Securities Exchange Market > Trading > Beneficial Certificates

Title: Taiwan Stock Exchange Corporation Rules Governing Trading of Beneficial Certificates(2021.04.01)
Date:
Article 10-1     In the event of split or reverse split of ETF beneficial certificates, daily fluctuations on a trading day after listing of split or reverse-split beneficial certificates shall be calculated on the basis of the closing price of the beneficial certificates on the last trading day prior to the split or reverse split divided by the ratio of number of beneficiary units after the split or reverse split to the number of original beneficiary unit.
    In the absence of closing price on last trading day for the split or reverse-split beneficial certificates in the preceding paragraph, the price determined according to the guidelines under Article 58-3, paragraph 4, subparagraph 2 of the TWSE Operating Rules shall be used instead.
Article 14-1     During the split and reverse split of ETF beneficial certificates, creation and redemption thereof shall be suspended from two business days before the lock-up date until the end of the lock-up period.
Article 19     The beneficial certificates in Article 2, subparagraph 2, item 1 and their underlying ETF beneficial certificates may be swapped with each other at the ratio of one trading unit to one trading unit.
    If a principal applies to a securities broker for swapping, the TWSE will seek confirmation from a central securities depository that the amount sought in the application is less than or equal to the balance available in the custodial book-entry account and, upon such confirmation, advise the securities firm in response of the success of the swap application.
    The swap time is between 8:30 A.M. and 5:00 P.M.
    No swap application is allowed in respect of the beneficial certificates in paragraph 1 if they are used for purchasing and borrowing positions by way of margin purchase.
    The beneficial certificates in Article 2, subparagraph 2, item 1 and their additional ETF beneficial certificates shall, during the split and reverse split period, stop swapping from two business days before the lock-up date to until the end of the lock-up period.