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Article 44
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A securities firm that will engage in negotiated trading of security tokens with a customer on its trading platform shall examine whether the customer meets the qualifications required of a professional investor under Article 20, paragraph 1, and shall require the customer to complete registration on the trading platform, and furthermore shall confirm that the customer has signed an account opening agreement (Attachment 4) and a risk disclosure statement (Attachment 5), before the customer may begin to engage in negotiated trading.
A securities firm shall stipulate with the customer that trading and transfer of security tokens shall be done on the trading platform on which the security tokens were issued, and the security tokens may not be traded or transferred off of that trading platform.
A securities firm that will engage in negotiated trading of security tokens with a customer shall first confirm that the customer has opened an account at a financial institution in the customer's own name for the receipt and payment of funds, and all related payments and receipts of funds shall be done by means of remittances in New Taiwan dollars from and to the aforesaid account.
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