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Article 24
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With respect to futures ETF beneficial certificates, in the event of a cumulative decline of 75% or more in the average net asset value per unit of the fund from the initial net asset value per unit of the fundfor the most recent 10 business days, then from the next business day following the public announcement by the TWSE, securities brokers engaging in brokerage trading of the beneficial certificates together with the call (put) warrants that they underly shall collect in full the funds and securities in advance.
The operation method for the advance collection of funds and securities under the preceding paragraph shall be subject mutatis mutandis to the Operation Directions for the Advance Collection of Funds and Securities by Securities Brokers in Brokerage Trading.
With respect to futures ETF beneficial certificates, in the event of a cumulative decline of less than 75% in the daily net asset value per unit of the fund from the initial net asset value per unit of the fundfor 30 consecutive business days from the implementation date of advance collection of funds and securities under the preceding paragraph, then from the next business day following the public announcement by the TWSE, the requirement that securities brokers engaging in brokerage trading of the beneficial certificates together with the call (put) warrants that they underly collect in full the funds and securities in advance shall be cancelled.
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