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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Securities Borrowing and Lending Rules  CH

Amended Date: 2019.09.26 
Categories: Securities Exchange Market > Borrowing of Securities
Article 11     The TWSE will not entertain any application for opening a securities borrowing and lending account submitted by an SBL participant through an authorized securities firm if any of the following circumstances applies:
  1. The applicant does not conform to the provisions of Article 10 or 49.
  2. The applicant applies for opening a securities borrowing and lending account using the name of another person.
  3. The applicant's securities trading brokerage contract with its securities firm has been terminated.
    An SBL participant may authorize and empower a securities firm to open only one securities borrowing and lending account. This restriction, however, does not apply where it is specifically allowed that the SBL participant may open two or more trading accounts at the same place of business of a securities broker.
    If any circumstance described in the subparagraphs of paragraph 1 occurs after a securities borrowing and lending account is opened, the TWSE shall halt that SBL participant's participation in securities borrowing and lending transactions and notify it to settle all outstanding obligations and, upon closing out of all such positions, proceed to cancel the SBL participant's securities borrowing and lending account.