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Amendments

Title：

Directions for the Full Implementation of the Book-Entry Transfer System in the Centralized Securities Exchange Market  CH

Amended Date： 2024.03.26 (Articles 7 amended,English version coming soon)
Current English version amended on 2015.06.04 
Categories： Securities Exchange Market > Clearing and Settlement
Article Content Content Search Article No. Search Amended Article Legislative History Chinese

Title： Directions for the Full Implementation of the Book-Entry Transfer System in the Centralized Securities Exchange Market(2008.06.23)
Date：
6     Under otherwise stipulated below, the provisions in Articles 1 to 3 with respect to the opening of deposit account and the receipt and payment of funds apply to payments made or received for securities trading:
  1. The TWSE otherwise permits settlements by account transfer (remittance).
  2. The principal has authorized the securities firm to keep custody of and invest the principal's funds.
  3. The principal has authorized the securities firm to invest balances of funds from the trading of securities on behalf of the principal.
8     Where the securities firm is engaged to purchase or sell securities, it shall set up a designated current deposit account (settlement account) in a financial institution to manage the receipt and payment of settlement payments of the principal. Funds in said settlement account may not be used for other purposes, unless the principal has authorized the securities firm to keep custody of and invest the funds and to invest balances of funds from the trading of securities on behalf of the principal.