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Article NO. Content

Title:

Operating Rules for Securities Lending by Securities Firms  CH

Amended Date: 2019.10.29 (Articles 8 amended,English version coming soon)
Current English version amended on 2018.12.24 
Categories: Securities Exchange Market > Borrowing of Securities
Article 30     Where a securities firm and customer stipulate compensation of rights and dividend entitlements of loaned securities, the securities firm shall give notice to the customer to make compensation for such entitlements according to the agreed-upon deadlines and method.
    When the borrowing party provides securities as compensation to the lending party pursuant to the preceding paragraph, the securities firm shall notify the TWSE or GTSM and forward such notice to the TDCC to immediately conduct the securities transfer procedures.
    When the securities loaned by the lending party carry subscription rights to new shares and the lending party intends to subscribe, the lending party shall deliver the subscription price to the borrowing party before the expiration of the subscription period as stipulated, and the borrowing party shall make the transfer of the subject securities subscribed to the lending party before the expiration of the prescribed subscription period.
    When the lending party wishes to exercise the voting rights of securities during the period in which they are loaned, it must, by the stipulated deadline, notify the borrowing party to return the securities before the last date of record for the shareholders meeting.