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Article 20
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A securities firm shall keep detailed and accurate records for its conduct of business relating to custody and investment of funds on behalf of customers, and shall prepare the following statements on a daily basis:
- Daily statement of receipt and payment of custodied funds through the cash management account.
- Daily statement of transactions and transfers involving investment of funds through the cash management account.
- Statement of funds custodied, invested, and transferred through the cash management account with respect to each customer.
The statements prepared and completed under the preceding paragraph may be stored in electronic form. The electronic statements shall be prepared and stored in a way that they cannot be edited or erased and can be readily converted into written form.
The securities firm shall at the end of each month transmit to the TWSE the current-month information regarding daily statements of receipt and payment of custodied funds, and daily statements of transactions and transfers involving investment of funds, through the cash management account.
All statements, vouchers, and documents relating to the business contemplated hereunder shall be preserved for a minimum of five years, or for a longer period if so required by any other applicable law or regulation regarding the period of preservation for such materials. Notwithstanding the foregoing, in the event of dispute, the materials shall be preserved until resolution of the dispute.
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