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Article 6
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Securities firms shall maintain a separate account for each customer and maintain the following details on a daily basis:
- Lending and return of securities.
- The name and value of collaterals and the percentage of coverage.
- Placement, withdrawal, replacement, and disposal of collaterals.
- Compensation payable to the other party.
Securities firms shall provide customers with monthly statements containing the above details; no statement is required provided that no transaction has taken place in the current month and the customer has not request for it in writing.
Securities firms shall obtain written consents from customers, thereby allowing securities lending data to be legally gathered, computer-process, used or transmitted cross-border by TPEx, TSEC, or any institution designated by the competent authority.
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