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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 12-1     No director, supervisor, officer, or shareholder with more than 10% shares of an issuer of the subject securities may engage in borrowing and lending transactions or sale of borrowed securitiesinvolving such subject securities, whether in its own name or in the name of a domestic or offshore company directly or indirectly incorporated.
    With the exception of the following designated institutional investors, an SBL participant shall advise the TWSE in the manner prescribed in Article 12 of the names and nationalities of the top three shareholders in terms of shareholding, each holding up to 30% or more of shares. Juristic-person shareholders shall also advise the names and nationalities of the top three natural-person shareholders in terms of shareholding, each holding up to 30% or more of shares. The government uniform invoice number of a profit-seeking enterprise or national ID number shall further be provided in the event of an R.O.C. shareholder; the national ID numberand government uniform invoice number of a tax withholding agent shall be provided in the event of an offshore overseas Chinese or foreigner that has completed registration:
  1. Lender: an insurance company, bank, trust investment company, securities firm, futures commission merchant, securities investment trust fund, futures trust fund, securities finance enterprise, designated offshore foreign institutional investor, government fund, trust enterprise, and others as approved by the competent authority.
  2. Borrower: a bank, securities firm, futures commission merchant, securities investment trust fund, securities finance enterprise, designated offshore foreign institutional investor and others as approved by the competent authority.
    For purposes of the preceding paragraph, a designated offshore foreign institutional investor denotes an offshore foreign institutional investor in the capacity of a foreign bank, insurance company, securities firm, fund manager, foreign government investment institution, pension fund, mutual fund, unit trust, investment trust, trust company, academic or charity institution, and privately placed mutual fund and unit trust.
    The shares held by a shareholder as mentioned in paragraph 2 shall include those held by its spouse and minors and in others' name.