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Article NO. Content


Directions for Reporting and Handling of Out-Trades and Account Number Corrections by Securities Brokers  CH

Amended Date: 2019.01.07 
Categories: Securities Exchange Market > Out-trade
3     Procedures for handling out-trades:
  1. A securities broker reporting an out-trade in accordance with Point 2 shall handle the out-trade, on that day or the following business day, through its error account by a repurchase or resale of equal volume. However, securities of the same type traded on the same trade date may first be mutually offset; the securities broker shall enter information related to offsets into the TWSE computer during the period specified in Point 2, paragraph 1, subparagraph A.
  2. A securities broker handling an out-trade through a repurchase or resale in accordance with the preceding paragraph shall enter the information relating to handling of the out-trade into the TWSE computer at the latest by 10 a.m. on the second business day following the handling of the out-trade. After an out-trade that occurred in trading conducted by auction or on-market tender offer has been handled through a resale or repurchase, the securities broker shall submit a copy of the order form, order confirmation, and execution report for that particular trade, and a written explanation of the reasons stamped with the seal of the company, the company's responsible person, and the person handling the matter, to the trading department of the TWSE, which shall input them into the computer system on behalf of the broker.
  3. A securities broker which, through no fault attributable to itself, fails to repurchase or resell securities within the specified period in Point 3, paragraph 1, shall produce a record of its handling of the matter to be kept on file with the relevant evidentiary documents.