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Where the TSEC has announced trading information for a particular security pursuant to Article 4, paragraph 1, subparagraphs 1-9 for a period of five consecutive business days, or for any six business days with the most recent 10-day period, or for any 12 business days within the most recent 30-day period, the TSEC will simultaneously adopt the following measures within 5 business days of the next business day after the condition occurs:
(1) Conducting trade matching for the securities with manually controlled trade matching terminals (matching approximately every five minutes, or for full-cash delivery stocks, every ten minutes).
(2) Notifying securities brokers that when an investor's daily volume of trading orders for the security during the given period consists of a single trade of 100 trading units or multiple trades with an aggregate total of 300 trading units or more, they shall collect from the investor a minimum of 50 percent of the buy-side price or sell-side securities for trades already consigned that day; for margin trading, they shall collect in full the margin for the purchase or the short sale. For further trading orders in excess of the aforementioned amounts on the same day, 50 percent of the buy-side price or sell-side securities shall also be collected, and for margin trading, the margins shall also be collected in full, provided that this shall not apply at the time of liquidation of margin trades.
When measures under the preceding paragraph have been announced for a particular security within the most recent 30 business days, then upon a second announcement of measures pursuant to the same standards, the TSEC will simultaneously adopt the following measures within 5 business days of the next business day after the occurrence:
(1) Conducting trade matching for the securities with manually controlled trade matching terminals (matching approximately every ten minutes).
Notifying securities brokers that when an investor's daily volume of trading orders for the security during the given period consists of a single trade of at least 50 trading units or multiple trades of 150 trading units or more, they shall collect from the investor in full the buy-side price or sell-side securities for trades already consigned that day; for margin trading, they shall collect in full the margin for the purchase or the short sale. For further trading orders in excess of the abovementioned amounts on the same day, 50 percent of the buy-side price or sell-side securities shall also be collected, and for margin trading, the margins shall also be collected in full, provided that this shall not apply at the time of liquidation of margin trades.
When measures are announced for a particular security pursuant to paragraphs 1 and 2 herein and reasons for announcement include the circumstances under Point 4, paragraph 1, subparagraph 8, or when the TSEC further announces trading information pursuant to the aforementioned subparagraph 8 during the period of disposition, the circumstances surrounding the irregularity shall be reported to the Surveillance Operations Oversight Committee for their deliberation. When a trading irregularity involving a particular security is deemed to have a significant impact on the security of settlement in the market, the following measures may be adopted by a resolution of the Surveillance Operations Oversight Committee. The period of disposition, the subject of the disposition, and the applicable numerical standards shall also be subject to a resolution of the Surveillance Operations Oversight Committee.
(1) The measures under paragraphs 1 and 2 of this Point.
(2) Amounts of reported daily sales or purchases of the given security may not exceed NT$60 million by the head office of any securities firm or NT$10 million by a branch office of any securities firm, provided that this shall not apply at the time of liquidation of margin trades.
(3) Other measures adopted by resolution of the Surveillance Operations Oversight Committee.
(3) Measures for disposition under subparagraph 2 of the preceding paragraph may also be adopted pursuant to a resolution of the special management committee of the Joint Responsibility System Clearing and Settlement Fund, which may also prescribe the period of disposition.
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