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Article 3
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The purchase of securities by reverse auction shall be carried out on the market of the TWSE by means of automated computer trading in accordance with these Rules. Only those who have entered into a contract with the TWSE for use of the centralized securities exchange market may participate in the bidding to sell.
Securities brokers participating in the bidding to sell shall have received an order from a principal for submission of a bid to sell, and may not accept any bid-to-sell order from the principal who initiated the reverse auction.
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