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Article 56
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Securities finance enterprises may obtain capital or stocks for liquidity according to the following methods:
- Obtaining financing from banks or other institutions.
- Issuing commercial paper or corporate bonds.
- Borrowing securities from the TWSE securities borrowing and lending system.
- Borrowing securities through competitive auction lending transactions or negotiated lending transactions.
- Purchasing securities by reverse auction through the TWSE or TPEx.
The issuance amount of commercial paper of subparagraph 2 of the preceding Paragraph shall not exceed 6 times the net worth of that enterprise, and shall be solely for the purpose of funds for use in the operation of the businesses set out in the subparagraphs of paragraph 1 of Article 5. is limited to
If a securities finance enterprise has deficiencies in its financial or business affairs and has been unable to effectively improve within the given time limit, or if there has been a material violation of the regulations, or if its net worth per share is below its par value, the competent authority will adjust the multiple of the rule in the preceding paragraph according to the seriousness of the situation.
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