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A liquidity provider shall apply with the TWSE to establish a segregated account. If the issuer serves as its own liquidity provider, the segregated account shall be established under the dealer's account, and the account number of the domestic securities dealer shall be 888888-5. If the issuer engages another securities firm to serve as the liquidity provider, the segregated account shall be established under the dealer account of the institution so engaged, and the account number of the domestic securities dealer shall be 888888-6. In the event of a foreign issuer making the application through a branch office established in the territory of the Republic of China by a directly or indirectly wholly-owned subsidiary and serving as its own liquidity provider, the segregated account shall be established under the account of the securities brokers department of the branch office. The aforementioned segregated accounts shall be used only for the trading of warrants issued by the liquidity provider or of warrants for which it has been engaged to provide liquidity, and buy and sell quotes from the same account may not be executed against each other. No warrant in the segregated account may be made the subject of a pledge.
When a liquidity provider providing liquidity for warrants engages, through the segregated account referred to in the preceding paragraph, on the same day, in any normal settlement trades of such warrants by means of ordinary trading, after-market fixed-price trading, or block trading, it may carry out the settlement on the basis of the net balance after offsetting the purchases and sales of the warrants.
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