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Article NO. Content

Title:

Taipei Exchange Rules Governing the Operation by Securities Firms of the Business of Proprietary Trading of Security Tokens  CH

Amended Date: 2023.03.02 (Articles 4, 41 amended,English version coming soon)
Current English version amended on 2022.02.10 
Article 18     A securities firm operating the business of proprietary trading of security tokens shall conduct business in accordance with the principles of honesty and good faith.
    A securities firm operating the business of proprietary trading of security tokens may not engage in any of the following conduct:
  1. Failing to duly fulfill its duty of due diligence when issuing security tokens for an issuer.
  2. Agreeing to or providing any specific interest or sharing of losses, or providing any judgment regarding whether a certain security token will rise or fall in price, or providing any investment recommendation, or providing investment consulting service, to induce investors to trade.
  3. Misappropriating security tokens or funds owned by a customer or temporarily kept under the custody of the securities firm in the course of business.
  4. Any agreement between the securities firm or any insider thereof and the issuer or relevant personnel thereof for purposes of improper profit.
  5. Any serving, by the securities firm or any insider thereof, in a position such as a director, supervisor, or managerial officer of an issuer that issues security tokens on the securities firm's trading platform; however, this rule does not apply in the case of security tokens issued by the securities firm itself on its trading platform.
  6. Concealing or omitting important financial or business information of an issuer that issues security tokens on its trading platform.
  7. Arranging for the issuance of security tokens for an issuer through any channel other than the securities firm's trading platform.
  8. Keeping custody of security tokens that are not issued or not traded through price negotiation on its trading platform.
  9. Concealing or making a false entry regarding information on any changes in security tokens.
  10. Any other matter injurious to the rights and interests of investors or in violation of any relevant law or regulation.