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Article 4
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A securities firm entertaining an application of a principal of the first type of account for adjustingthe single-day trading limit shall validate the principal’s identify in either manner below. The single-day trading limitmay be set as NT$4.99 million in principle, subject to the actual settlement condition and risk management policy. Where online verification is performed as in subparagraphs 2 to 5 below, the securities firm shall also review the principal's financial proof:
- Over-the-counter verification is conducted.
- Online identity verification is conducted against a citizen digital certificate, and the identity is confirmed by video imaging.
- The settlement bank confirms that the principal's bank account was opened as in either of the preceding two paragraphs, and the principal texts back the correct confirmation number from the mobile phone number registered with the settlement bank.
- Confirmation is made by the mobile ID.
- Online identity verification is performed against a bank account (excluding the third type of digital deposit account opened on the Internet).
- The identity shall be verified by Financial Fast Identity Online (FIDO).
A securities firm entertaining an application where the single-day trading limit whose adjustment is sought by a principal exceeds NT$4.99 million shall verify the identity of the principal in accordance with any of the preceding paragraphs and comply with the Self-Regulatory Rules on Credit Checking and Credit Line Management truthfully.
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