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Article NO. Content


Taiwan Stock Exchange Corporation Regulations Governing Applications by Securities Firms for Resumption of Business after Suspension  CH

Repeal Date: 2015.01.22 
Categories: Market Supervision > Regulation of Securities Firms
Article 3     In applying to resume trading, a suspended firm shall conform to each of the following provisions:
  1. Where the suspended firm has provided a business guarantee fund in accordance with regulations of the Financial Supervisory Commission of the Executive Yuan (hereinafter referred to as "the competent authority"), if a court has executed a provisional attachment and there are creditors that enjoy the right of preferential payment under Article 55, Paragraph 2 of the Securities and Exchange Law, the suspended firm shall first make up any deficiency in the fund, provided that where the executing creditor does not enjoy the right of preferential payment, the deficiency may be made up subsequent to transfer of the fund to the executing court or collection of funds by the creditors.
  2. When creditors have attached the settlement and clearing fund provided to the Taiwan Stock Exchange Corporation (TWSE) in accordance with Article 2 of the TWSE Contract for Use of the Centralized Securities Exchange Market, the suspended firm shall first supplement an amount equal to the attached funds.
  3. The suspended firm shall conform to the provisions of Article 6 of the Standards Governing the Establishment of Securities Firms regarding the site and facilities of the operating venue.
  4. The suspended firm may not have a net worth less than one-half of its paid-in capital as prescribed under Article 142, Paragraph 1, Subparagraph 3 of the Operating Rules of the Taiwan Stock Exchange Corporation for a period of six successive months with no indication of improvement.