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Amended Article

Title：

Taipei Exchange Rules Governing the Operation by Securities Firms of Brokerage Business for Trading and Exchanging Beneficial Certificates of Funds  CH

Amended Date： 2023.09.08 
Article Content Chapter Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese
Article 26 A customer who is engaging in fund brokerage trading with the securities firm for the first time shall submit their identity document(s) and carry out account opening procedures on the trading platform and sign an account opening contract.
Before a customer engages in fund brokerage trading with the securities firm for the first time, the customer shall designate a deposit account or accounts or electronic payment account opened in the investor's own name at a financial institution and agree and authorize the securities firm to pay and receive money through that account.
A customer's deposit account or accounts under the preceding paragraph shall be limited to one New Taiwan dollar account and one foreign currency account. When there is any change to a customer's deposit account, it shall enter into a new agreement with the securities firm.
Article 27 A securities firm shall thoroughly get to know a customer before it may agree to open an account for the customer.
A securities firm shall adopt principles for the acceptance of customers and working procedures for know-your-customer reviews. The securities firm shall keep a customer's basic information on record, including the customer's identity, financial background, income and source of funds, risk preference, past investment experience, and investment objectives and demands, and give overall consideration to the following items, to distinguish a customer's risk tolerance rating:
1. The customer's funds utilization status and professional competence.
2. The customer's investment attributes, understanding of risk, and risk tolerance.
3. Suitability of customer services and suitable range of investment recommendations.
The content of a customer's basic information and the results of the analysis under the preceding paragraph shall be presented to the customer for their confirmation, and the same shall be done when there is any change thereto.
When there is any change to a customer's basic information under paragraph 2, the securities firm shall reevaluate the customer's risk tolerance rating.
The securities firm shall fulfill its duty of due diligence with respect to the basic information on record for a customer. When necessary, it may require the customer to provide relevant supporting documents.
For a customer that opens an account electronically, any of the following means may be used to verify the customer's identity, and the securities firm shall keep relevant supporting documents:
1.Use an electronic certificate to open the account, and complete identity authentication electronically as provided in the Electronic Signatures Act.
2.By means of a chip card, or by logging into online banking, or by logging into an electronic payment account, obtain a response from the agreed debit bank or electronic payment institution to confirm online authorization of debit agreement.
3.Have the debit bank execute the transmission of an SMS one-time password (OTP) authentication code to the mobile phone that the customer has left on record for confirmation of identity for the deposit account that the customer opened in person at the bank, and then have the company call the customer for confirmation and keep the relevant information on file.
4.Another method adequate to verify the investor's identity.