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Article 7
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Prior to application for direct connections and transmission of information, connection tests must be successfully completed by the TWSE. System connections with the TWSE's trading information system shall not affect the TWSE's operation of the centralized securities market. The TWSE may place restrictions on the filing of applications as deemed necessary.
A user applicant shall specify in the application the equipment type or model, quantity, and place where the equipment will be installed. Installation may take place only upon approval from the TWSE, and a user applicant may neither relocate nor install additional equipment without the approval of the TWSE.
Applicant users wishing to switch to an indirect connection, or make any subsequent change in connections, shall first report to the TWSE for approval.
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Article 12
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A user applicant shall give due consideration to the accuracy of any trading information that it has independently processed for added value, and shall bear legal liability for any errors in its content.
Where trading information has been processed by a user applicant pursuant to the preceding paragraph, the page display shall conspicuously indicate the user applicant's name or a service mark identifying the user applicant, along with related footnotes; the user applicant shall bear legal liability for the page content.
When transmitting or broadcasting trading information, a user applicant shall have adequate software and hardware technology to prevent unauthorized use or plagiarism of the information, or connection to other systems.
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Article 14
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Except where otherwise approved by the TWSE, a user applicant shall not lease, sell, or transfer the TWSE's trading information to any other person, nor relay the information in any manner to any other place.
Transmission standards for any transmission by user applicants not made over leased data lines or dial-up lines shall be separately prescribed by the TWSE.
A User applicant shall not use any trading information other than that provided pursuant to the contract for use of trading information entered into with the TWSE.
Trading information provided by a web site operated by a securities firm shall be made in the name of a user applicant that has been approved by the TWSE for transmitting trading information through the Internet. Notwithstanding the above, however, a securities firm may, with the permission of the TWSE, provide trading information under its own name to the investors who have opened accounts with it.
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Article 19
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A user applicant shall enter into a written contract with each subscriber and place the originals of such contracts at its head office or the place of business of its Taiwan agent to facilitate inspection and audit by the TWSE.
One copy of the contract referred to in the preceding paragraph shall be submitted to the TWSE for reference. The contract shall stipulate that the subscriber will comply with these Regulations, as well as the sanctions and civil and criminal liability to be borne by the subscriber for unlawfully accessing or relaying the trading information.
When a user applicant is required by the TWSE to make a joint inspection of a subscriber's usage site, the user applicant shall make its best efforts in cooperating and shall not intentionally evade or refuse such inspection.
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Article 30
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Under any of the following circumstances, the TWSE may notify a user applicant to make improvement or correction within a given period, and may additionally impose a penalty for breach in the amount of NT$20,000:
- Violation of the provisions of Article 16, Article 17, Article 18, paragraphs 2 and 3, Article 22, or Article 24 of these Regulations; or
- Violation of the requirements set forth in any circular or public announcement of the TWSE, or in any letter or order of the Competent Authority.
Where the negligence of a user applicant results in any error in the content of the trading information in violation of Article 12, paragraph 1 of these Regulations, the TWSE may notify the user applicant to make improvement or correction within a given period; where a total of six errors has been found in any six-month period, the TWSE may additionally impose a penalty for breach in the amount of NT$20,000.
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