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Article NO. Content

Title:

Operation Directions for the Advance Collection of Funds and Securities by Securities Brokers in Brokerage Trading  CH

Amended Date: 2017.11.15 
Categories: Market Supervision > Regulation of Securities Firms
1     Where a securities broker accepts an order to trade securities with altered trading method as defined by the TWSE or securities for which the TWSE otherwise requires advance collection of funds and securities, the broker may register the trading only if it collects full or a certain percentage of the funds and securities in advance and puts a note on the trading order, except for securities with altered trading method and securities under disposal that are traded through a default-handling account, or a call (put) warrant liquidity providers account or call (put) warrant hedging account (excluding such accounts with an account number with the first three digits as "929"), or securities for which advance collection of funds and securities are otherwise required by the TWSE.
    The securities broker may collect payments of which advance collection is required, one business day before the day of the trading order.

Interpretation: