|
3
|
A liquidity provider shall meet the following requirements:
- A liquidity provider must be a securities firm approved by the TWSE to operate the business of an ETF beneficial certificates liquidity provider and act as a participating dealer engaging in securities dealing business.
- It must have entered into a contract, within a year from its procurement of the written approval in the preceding paragraph, for provision of ETF beneficial certificates market liquidity ("liquidity contract") with a SITE, futures trust enterprise, or offshore fund institution that issues ETF beneficial certificates.
|