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Relevant Laws

Title:Regulations Governing The Use Of Trading Information (2021.12.24)
Article 7     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.
Article 12     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.
Article 13     A user applicant shall retain for ready inspection by the TWSE the trading information it has transmitted or broadcast on any given day for a period of at least three days thereafter.
    When a user applicant simultaneously broadcasts news information, it shall specifically indicate the source and basis of such information and shall bear all legal liability for any false or untrue content therein.
    When a user applicant discovers any error in trading information transmitted or broadcast, or in news content being simultaneously broadcast, it shall on its own initiative immediately notify the TWSE and simultaneously issue a correction to the public.
Article 15     Cable radio and television operators and satellite radio and television enterprises, after applying for approval from the TWSE in accordance with the provisions of Article 8, may connect their systems directly with the TWSE's system in order to transmit trading information or to broadcast trading information produced and supplied by other operators.
    Cable radio and television operators and satellite radio and television enterprises that have applied for use of trading information pursuant to the provisions of Article 11 may only broadcast trading information relayed by other user applicants approved by the TWSE.
    Cable radio and television operators and satellite radio and television enterprises may only transmit trading information in the form of sound, images, and page displays, and may not, without the consent of the TWSE, provide trading information processed for added value to cable television subscribers.
    A channel provider may provide no more than four channels to any system operator for broadcasting; restrictions may be imposed on the content or particulars of the programs as deemed necessary by the TWSE.