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Amended Article


Taipei Exchange Rules Governing the Operation by Securities Firms of the Business of Proprietary Trading of Security Tokens  CH

Amended Date: 2023.03.02 (Articles 4, 41 amended,English version coming soon)
Current English version amended on 2022.02.10 
Article 3     Terms used in these Rules are defined as follows:
  1. The competent authority: means the Financial Supervisory Commission.
  2. Issuer: means a company limited by shares organized under the Company Act of the Republic of China (Taiwan), excluding any TWSE listed, TPEx listed, and emerging stock companies.
  3. Trading platform: means the information platform set up by a securities firm for purposes of operating the business of proprietary trading of security tokens.
  4. Information disclosure section: means the information system set up by a securities firm for use in disclosing information related to issuers, including an issuer's basic information, annual financial reports, fundraising plan, status of utilization of funds, and material information, for convenient query and reference by investors.
  5. Professional investor: means a professional investor meeting the conditions set out in Article 3, paragraph 3 of the Regulations Governing Offshore Structured Products.
  6. Business day: means a trading day for purposes of the operation by securities firms of the business of proprietary trading of security tokens.
  7. Overseas Chinese and foreign nationals: means those meeting the definitions set out in Article 3 of the Regulations Governing Investment in Securities by Overseas Chinese and Foreign Nationals.
Article 48     When a securities firm engages in negotiated trading of a security token with its customers on its trading platform, it shall disclose on the trading platform, for querying by its customers, information including its price quotations (including prices and quantities) and trade information.
    The trade information referred to in the preceding paragraph shall include the price and quantity of the most recent trade, the cumulative trading volume, and highest, lowest, and weighted average trading price, of that security token during the trading hours.
    After the close of daily trading hours, the securities firm shall prepare and externally disclose, for each security token, that day's trading volume, weighted average trading price, and itemized information on trades by and quantities held by overseas Chinese and foreign nationals.