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14-3
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In securities business money lending conducted by a securities firm, the issuer shall return the subscription payment to the customer ledger of the settlement account of the securities firm if the issuance of new shares for cash in Subscription Lending is not executed or is revoked or voided by the competent authority.
The securities firm shall, before the following business day, deduct the funds it loans and interest thereon from the aforementioned customer ledger and return the balance to the customer.
Should the issuer fail to pay the returned funds back to the customer ledger of the settlement account of the securities firm, the securities firm shall give notice to the customer to request repayment of the loan extended by the securities firm and payment of the interest on the loan within the following business day.
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