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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Rules for Administration of the Joint Responsibility System Clearing and Settlement Fund  CH

Amended Date: 2012.01.11 
Categories: Securities Exchange Market > Clearing and Settlement
Article 3     A securities firm shall make deposits to the Fund as required by the Competent Authority.
    In order to supervise and regulate the market, the TWSE shall allocate a special settlement fund of NT$1 billion to coordinate with the operations of the Fund. The management of the settlement fund shall comply with the provisions set forth by the Competent Authority and the provisions of these Rules.
    Following the announcement and implementation of these Rules, the TWSE shall on a continuing basis allocate to the special settlement fund any portion in excess of NT$1 billion in the compensation reserve fund. This portion allocated on a continuing basis shall be subject to an upper limit of NT$2 billion.