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Relevant Laws

Title:Regulations Governing The Use Of Trading Information (2021.12.24)
Article 4     With the exception of the places of business of securities firms, the following facilities, equipment, and activities are not allowed in any place where the trading information of the TWSE will be used:
  1. Electric display panels or ticker-style displays for securities trading information.
  2. Terminals used for bidding.
  3. Signing of trading consignment contracts, accepting consignments for securities trading, or settlement of securities trades.
  4. Engaging in business activities similar to those of securities firms.
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 14     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.
Article 14-1     Securities firms and futures commission merchants shall not have the TWSE's trading information relayed to any place other than their business premises unless with the TWSE’s consent.
    A user applicant that provides datafeed services may provide the service only for the internal use of the subscribers. If a subscriber requires the service for non-display or other purposes, the provision of the service shall be approved by the TWSE.
    A user applicant that provides datafeed service and that jointly develops software with any collaborating enterprise shall report to the TWSE, and the collaborating enterprise may not alter the original transmission format of the user applicant nor engage in any relay transmission business.
Article 20     A user applicant maintaining equipment rooms to transmit or broadcast trading information shall first obtain approval from the TWSE, and shall file a report with the TWSE in the event the equipment room is relocated or its use is cancelled.