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Article NO. Content


Taiwan Stock Exchange Corporation Regulations Governing Brokerage Contracts of Securities Brokers  CH

Amended Date: 2019.07.11 
Categories: Basic Laws and Regulations
Market Supervision > Regulation of Securities Firms
Article 15     After a securities broker transacts a brokered trade, it shall collect the commission from the principal in accordance with Article 85, paragraph 1 of the Securities and Exchange Act. The stock exchange shall report the rate of such commissions to the competent authority for approval.
    A securities broker may not arbitrarily raise or lower its commissions, nor offer part or all of the commission as compensation to the referring person connected with the principal's trade, provided that this restriction shall not apply to any of the following circumstances:
  1. The commissions is paid under contract to a foreign financial institution registered and approved for operation of securities business by the competent authority of the country where the institution is located.
  2. The commission is paid to a subsidiary of a financial holding company in accordance with a contract entered into for purposes of cross-selling business.
    The countries of location of such foreign financial institutions as referred to in subparagraph 1 of the preceding paragraph shall be separately prescribed by the TWSE.