Securities brokers and securities dealers (“securities firms”) shall make deposits into the clearing and settlement fund with the TWSE in accordance with the standards provided by the Financial Supervisory Commission (“the Competent Authority”), Executive Yuan.
Deposits into the clearing and settlement fund shall be limited to cash only. If a deposit has been made by any method other than cash prior to the announcement and implementation of these Rules, it shall be changed to a cash deposit within 30 days after the announcement and implementation of these Rules.
If a securities firm fails to make a deposit to the clearing and settlement fund on time, or fails to make any supplementary deposit on time whenever it may be notified to do so, the TWSE will immediately halt its participation in market trading.
The securities firm may not assign or create a pledge on its deposited clearing and settlement funds.