|
Article 6
|
A securities firm conducting the Fixed-Term, Fixed-Amount Trading shall enter into a contract with its client. The contract shall specify the following:
- Underlying investments.
- How the securities firm conducts trading pursuant to Article 3.
- Fund deduction date, deduction method and calculation of deducted amount.
- Fees to be borne by client.
- Actions to be taken by the securities firm in case of failure to purchase a sufficient quantity of shares.
- Contract effective date, and how to amend and terminate the contract.
- Resolution of disputes.
In case of a securities firm conducting the Fixed-Term, Fixed-Amount Trading by way of brokerage, its contract template shall be drafted by the Association. For a securities firm conducting the Fixed-Term, Fixed-Amount Trading by way of wealth management services, the securities firm shall establish its own terms and conditions.
If its client is a securities investment trust enterprise, the securities firm may establish its own contract, the terms and conditions of which are not subject to the requirement on what shall be specified in the contract as provided in the first paragraph or the restrictions on fixed-term and fixed-amount under the contract template in the second paragraph.
|
Info
|
|
Article 9
|
A securities firm conducting the Fixed-Term, Fixed-Amount Trading may open a reconciliation account with its head office for reconciliation of numbers of securities purchased through omnibus trading account for Fixed-Term, Fixed-Amount Trading.
A securities firm shall not report securities purchased through the reconciliation account in the preceding paragraph. Instead, it may only report securities purchased and allocated through omnibus trading account for Fixed-Term, Fixed-Amount Trading.
After purchasing securities through omnibus trading account for Fixed-Term, Fixed-Amount Trading, a securities firm may only allocate odd lots of securities of the same type to the reconciliation account. Excessive securities shall be resold via the reconciliation account no later than the second business day after the trading day.
A securities firm conducting the Fixed-Term, Fixed-Amount Trading by way of both brokerage and wealth management may open separate reconciliation accounts for each method.
If a securities firm enters into a contract with a securities investment trust enterprise pursuant to the third paragraph of Article 6, when it is requested by the client to trade in exchange-traded fund (ETF) beneficiary certificates issued by the client itself, it may reconcile the number of securities purchased to the unit of trading without being subject to the restriction on fixed-amount.
The reconciliation account of head office of domestic securities firm shall have a securities trading account number in the format of 9899XX-Inspection Code. The reconciliation account of the Taiwan branch of a foreign securities firm shall have a securities trading account number in the format of 99899X-Inspection Code.
|
|