• Font Size:
  • S
  • M
  • L

Relevant Laws

Title:Taiwan Stock Exchange Corporation Procedures To Be Taken in Connection with Margin Purchase or Short Sale in the Event of the Suspension or Halting of Trading (2016.12.30)
Article 5     In the event that the short seller fails to return the securities for satisfaction of the loan by the sixth business day prior to the book closure date according to Article 35 of the Operating Rules for Securities Firms Handling Margin Purchases and Short Sales of Securities or Operating Rules for Margin Purchases and Short Sales of Securities Finance Companies, thus causing the securities firm or securities finance company to proceed with disposition from the next business day, the securities firm or securities finance company may purchase the securities by tender offer according to Chapter 4 of the TWSE Rules Governing Purchase of Listed Securities by Reverse Auction during any suspension or halting of trading of the securities. When two or more tender offer purchases are conducted, the dollar amounts of the purchases that are allocable to the short sellers shall be calculated by weighted average method.