|
Article 28
|
Regarding the handling of margin purchase and short sale business by securities firms, the stock exchange and OTC exchange shall prescribe rules for the operation of such business, providing for matters such as the exercise of stock rights of stocks acquired through margin purchase or short sale, withholding of income tax on dividends, and the disposition of other relevant matters. Such rules shall be reported to the competent authority for approval before implementation.
A securities firm conducting margin purchase and short sale business shall do so in compliance with the business operation rules referred to in the preceding paragraph.
|