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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 25     The period of a securities loan may not exceed 6 months in maximum, starting from the execution date of the loan transaction. The borrower may return the borrowed securities any time during the agreed period.
    If the lender does not make a recall request during the term of the loan, the borrower may, at any time during the period from the tenth business day before expiration of the loan term to the expiration date, submit a notice through the TWSE to the lender requesting renewal of the loan; the lender shall be deemed to have refused to grant consent if it does not otherwise indicate upon receipt of the notice.
    The request for renewal of a loan under the preceding paragraph may be granted with two extensions each not more than 6 months, and no term or condition of the loan may be changed except solely for the loan period.

Interpretation: