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Article 6
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A securities firm shall complete the following procedure before it may begin to accept securities lending transaction-related business from a customer:
- open a customer brokerage account;
- enter into a securities lending agreement with a customer; and
- open a securities lending account.
The Taiwan Securities Association shall draft a model securities lending agreement referred to in subparagraph 2 of the preceding paragraph and submit it to the TWSE for recordation.
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