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Amendments

Title：

Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities  CH

Amended Date： 2024.09.05 (Articles 41, 80, 83 amended,English version coming soon)
Current English version amended on 2023.12.28 
Categories： Securities Exchange Market > Margin Transaction
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Operational Regulations for Securities Firms Handling Margin Purchases and Short Sales of Securities(2005.10.13)
Date：
Article 35-2 When the TSEC or GTSM has ratified and publicly announced the delisting from the stock exchange or termination of OTC trading of a security eligible for margin purchase and short sale trades, the securities firm shall notify customers to offset or cover and close out any margin purchases or short sales of such security by the 10th business day before the delisting or the termination of OTC trading. If a customer fails to offset or cover and close out any margin purchase or short sale within the deadline, the securities firm may, within the scope of liquidating the debt, apply the provisions of Article 39, paragraph 3, to dispose of the balance in the customer's margin account beginning from the next business day. Provided, this shall not apply where an issuing company has applied for conversion of its OTC securities to exchange-listed securities, or where securities of both the surviving and non-surviving listed or OTC companies in a merger are eligible for margin purchase and short sale trading.