| Title： |
Operating Rules of the Taiwan Stock Exchange Corporation(2004.06.17) |
| Date： |
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Article 28
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A securities brokerage firm shall not deposit its funds in an institution other than one engaged in the banking business.
Without the approval of the Competent Authority, a securities brokerage firm shall not use its own funds to invest in non-listed securities; where its own funds are invested into listed securities, the amount of investment shall not exceed the amount set by the Competent Authority.
When the proprietary capital adequacy ratio of a securities broker is less than 100 percent, it may not use proprietary funds to purchase listed (OTC) stocks, and may make only sell trade dispositions. The standards and measures relating to the lifting of these restrictions after corrections have been made shall be governed, mutatis mutandis, by the provisions of Article 28-1, paragraph 2.
Unless otherwise prescribed by this Corporation, a securities brokerage firm shall not use its own funds or securities, or funds or securities borrowed from others to process securities trading settlement for its principals.
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Article 138
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Where any securities firm commits any of the following acts, this Corporation may impose a penalty in an amount not more than three hundred thousand New Taiwan Dollars:
1. violation of Paragraph 4 of Article 25, Paragraph 2 of Article 28, Paragraph 2 of Article 28-1, Article 37, Article 77, Paragraph 1 of Article 80 or Article 86.
2. failure to make correction or improvement within the time limit designated in accordance with Article 136.
3. failure to pay the fine within the time limit specified in Paragraph 3 of Article 137.
4. having been warned twice in accordance with Article 136 within the most recent half year.
Where a securities firm violates the provision referred to in any Subparagraph of the preceding Paragraph for the second time within the most recent half year, this Corporation may impose a penalty in an amount of five hundred thousand New Taiwan Dollars.
Where any securities firm commits the offense specified in Subparagraph 2 of Paragraph 1, this Corporation shall send a second notice setting forth a time limit for its correction or improvement.
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