|
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, online identity verification shall be conducted against the citizen digital certificate or bank account, and the identity shall be verified by video imaging. With regard to the second type of account, 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 limit is estimated as that for the second type of account.
A securities firm shall,in respect of the responsible person of a company applying for account opening online, estimate in accordance with paragraph 1 the single-day trading limit of the account-opening company.
|