| Article 7 |
A securities firm shall enter into a Master Securities Borrowing and Lending Agreement with the TWSE, in the form set out in Appendix 1 hereto, before it may accept authorization and empowerment from an SBL participant to apply for opening a securities borrowing and lending account, and further to carry out securities loan transactions and to submit regulatory filings reporting the execution of negotiated transactions, on behalf of the SBL participant.
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