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Article NO. Content

Title:

Taiwan Stock Exchange Corporation Standards Governing Principal Identification and Management of Credit Line Categorization in the Processing by Securities Firms of Account Opening  CH

Amended Date: 2019.12.27 
Categories: Market Supervision > Regulation of Securities Firms
Article 3     A securities firm shall determine the type of account and accordingly estimate the principal’s single-day trading limit in accordance with the online account opening identification procedure and agreed strength (appendix).
    The single-day trading limit of the first type of account is NT$ 1 million in principle.
    For the second type of account, an application shall be made with the citizen digital certificate, and the identity shall be verified by video imaging. The principal is not subject to the trading limit in the preceding paragraph upon producing financial proof. The securities firm is to determine in its sole discretion the single-day trading limit pursuant to the Taiwan Securities Association Self-Regulatory Rules on Understanding of Customers and Credit Checking and Credit Line Management in Consignment Trading by Members (Self-Regulatory Rules on Credit Checking and Credit Line Management).
    For the third type of account, it should be agreed that advance payment be collected or funds be earmarked as prepayment in the securities brokerage trading. The single-day trading limitis estimated as that for the second type of account.