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Article 4
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Customers' settlement funds retained in a securities firm's Settlement Account may not be utilized for purposes other than paying monies due from customers, purchasing R.O.C. government bonds and treasury bills, or transfer the funds to other banks in the form of time deposits, and shall be separated from and independent of the securities firm's own assets.
No creditor of a securities firm's liabilities in said firm's own assets may claim to attach or exercise other rights in customers' settlement funds retained in the securities firm's Settlement Account and the relevant investment objects.
Customers' settlement funds retained in a securities firm's Settlement Account are account-specific trust assets held for the benefit of customers and shall be immediately returned to customers when the securities firm petitions for bankruptcy or commences liquidation.
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