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Article 2-1
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When an overseas Chinese or foreign national has not effected registration with the TWSE pursuant to Article 77-4 of the TWSE Operating Rules, securities brokers shall refuse to open an account for a principal.
Where any of the circumstances under Article 11 of the Regulations Governing Investment in Securities by Overseas Chinese and Foreign Nationals apply with respect to the registration under the preceding paragraph, the TWSE will not allow registration, and where registration has already been effected, will cancel the registration, and will notify the securities broker which has already opened an account that it may not accept orders for purchase.
The securities broker shall cancel that account after the automatic settlement of the balance in the account and announce the conclusion of the case to the TWSE.
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