| Title： |
Operating Rules of the Taiwan Stock Exchange Corporation(2006.06.08) |
| Date： |
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Article 75-4
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Each headquarters and branch of a securities firm may open two omnibus trading accounts in its own name, for purposes of accepting securities trading orders from domestic and foreign specific principals respectively.
A specific principal may use an omnibus trading account only after opening a securities trading account; the omnibus trading account may be used to participate in ordinary trading (i.e., trading from 9 a.m. to 1:30 p.m. under Article 3 of the Operating Rules of this Corporation), after-market fixed-price trading, and odd-lot trading of this Corporation. It may also, after carrying out a securities borrowing transaction through a securities firm under this Corporation's Securities Lending and Borrowing Regulations, [use the borrowed securities] to trade through the omnibus trading account. A specific investor that is allowed by regulations to engage in credit trading may engage in credit trading through the omnibus trading account.
"Specific principals" under the preceding paragraph are limited to offshore overseas Chinese and foreign nationals, domestic institutional investors, and discretionary investment customers. The aforesaid "domestic institutional investors" are limited to domestic securities investment trust funds, government agencies, banks, and insurance and group enterprises (meaning "group enterprises" as defined in Article 6 of this Corporation's Supplementary Provisions to the Taiwan Stock Exchange Corporation Regulations for Review of Securities Listings).
If a specific principle has mandated a mandatary to conduct trades and handle allocation of trade prices and volumes, it shall provide a power of attorney and specify the allocation of trade price and volume and relevant authorized matters. If a mandatary is an institutional investor, the power of attorney shall be signed/sealed by that institutional investor. However, where a same mandatory is mandated by offshore overseas Chinese or foreign nationals, domestic funds, or units of a same group, the mandatary shall provide a statement specifying the principals' ID numbers or uniform invoice numbers, names, and other relevant information. This Corporation may, in accordance with operational needs, require securities firms to provide certifying documents relating to the aforesaid authorizations.
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Article 75-5
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When a securities firm accepts orders to trade securities through an omnibus trading account, it shall make trading quotes corresponding to the orders placed by the principals or the mandataries, and shall note the name or symbol of the principal or the mandatary on the order form or the trading order record.
The securities firm shall, based on the instructions of the mandatary, transmit to this Corporation by 4 p.m. the itemized allocations of trade price and volume and the itemized orders placed by mandataries.
Operational directions related to omnibus trading accounts will be prescribed by this Corporation.
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