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With the exception of Taipei Exchange (TPEx) listed managed stocks and stocks registered on the Emerging Stock Board, all TPEx listed common stock shares satisfying the criteria below are eligible for margin purchase and short sale on the TPEx.
- Having been listed for trading on the TPEx for at least six months.
- Having maintained net worth per share of at least par value; or having no accumulated losses in the latest financial year if it is a primary TPEx listed company whose shares have no par value or a par value other than NT$10 per share.
- Having been incorporated and registered for at least 3 years. If the issuer is a transferee company of a demerger from a TWSE or GTSM listed company, the time of incorporation may be calculated from the time of establishment of the demerged division as shown in the financial data of the demerged parent company. If the issuer is an investment holding company or financial holding company, the time of incorporation may be calculated from the time of incorporation of its operating entity.
- Having accumulated paid-up capital of NT$300 million or more; or having net worth of NT$600 million or more if it is a primary TPEx listed company whose shares have no par value or a par value other than NT$10 per share.
- Profitability:
- Having had no accumulated losses, and had operating profit and net income before tax totaling 3% or more of paid-up capital on a standalone or consolidated basis, in the latest financial year;
- or, if it is a primary TPEx listed company whose shares have no par value or a par value other than NT$10 per share, had operating profit and net income before tax totaling 3% or more of shareholders' equity on a standalone or consolidated basis.
- Have none of the circumstances described below:
- Excessively intense share price volatility.
- Excessively concentrated equity ownership.
- Excessively irregular changes in trade volume.
The term "net worth" as used in this point means the balance sheet equity attributable to shareholders of the parent company.
Beneficial certificates of exchange-traded funds shall be announced by the TPEx as eligible for margin purchase and short sale from the day they begin to be traded on the TPEx.
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