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Regulations Governing Book-Entry Operations for Centrally Deposited Securities  CH

Amended Date: 2021.03.29 

Title: Regulations Governing Book-Entry Operations for Centrally Deposited Securities(2004.10.30)
Article 1  These Regulations have been prescribed pursuant to paragraph 2 of Article 43 of the Securities and Exchange Act and paragraph 4 of Article 34 of the Securities Investment Trust and Consulting Act.
Article 30  Where a Customer requests to transfer the balance of securities from the Customer's account with one participant to the Customer's account with another participant, or transfer it to another person's account under the provisions of any act or regulation, the Customer shall submit the account passbook and an account transfer application to the former participant and such participant shall notify the CSDE to transfer the balance to the Customer's account with the new participant; provided, this shall not apply where there are other regulatory restrictions regarding the securities for which the application for transfer is made.
 The CSDE shall, after making account transfer in accordance with the notification as referred to in the preceding paragraph, record the transaction immediately in the relevant participants' account books, and notify such participants to record necessary information in the Customer's account books.
Where an account transfer referred to in paragraph 1 satisfies any of the following conditions, it is not necessary to submit the account passbook and transfer application to the participant:
1. Where a short seller is making an account transfer of spot securities to cover the short sale.
2. Where the transfer is a delivery of securities underlying a stock option to serve as margin on a written call option.
3. As otherwise provided by an act or regulation or approved by this Commission.