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友善列印
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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 49     If during the trading hours for a given business day the weighted average trading price of a security token rises or falls to 25 percent or more above or below the weighted average trading price of the preceding business day, the securities firm shall halt trading of the security token for 15 minutes. However, if an above circumstance occurs within 15 minutes before the close of trading hours, it shall halt trading of the security token until the close of trading hours for the given day.
    On a single business day, the halting of trading under the preceding paragraph shall be done not more than once each for a rise or a fall in price respectively reaching the level set out in the preceding paragraph.
    If during the trading hours for a given business day the weighted average trading price of a security token rises or falls to 50 percent or more above or below the weighted average trading price of the preceding business day, the securities firm shall halt trading of the security token until the close of trading hours for the given day, and resume trading from the next business day.
    The provisions of paragraphs 1 to 3 do not apply during the first 5 business days when a security token begins to be traded over the counter and on any day when the weighted average trading price of the security token of the preceding business day was below NT$1.
    If a halt of trading occurs under the circumstances in paragraph 3, the securities firm shall immediately notify the issuer of that security token to confirm whether any circumstance set out in the subparagraphs of Article 38, paragraph 1 exists, and the issuer furthermore, before the start of trading hours on the following business day, shall input an information disclosure to the information disclosure section designated by the securities firm.