Article NO. Content

Title:

Guidelines Governing the Creation of Customer Ledgers of Securities Firms' Settlement Accounts 

Amended Date: 2020.05.27 
Categories: Market Supervision > Regulation of Securities Firms
Article 21     Where the net value of a securities firm as specified in its latest CPA-audited and -approved financial reports is lower than its paid-in capital, or where the securities firm, its responsible person or an employee is in gross violation of these Guidelines, and no cure is made upon notice given by the TWSE or TPEx, the TWSE or TPEx may request the securities firm to cease to retain customer funds, in which event the securities firm shall transfer the retained funds back to the customers' Securities Book-entry Accounts to settle the customer ledgers. Only when its financial condition is improved or violation cured specifically may the securities firm present a statement to the TWSE or TPEx, then submit the documents listed in Article 6 and make a report to the TWSE in writing, with a copy furnished to the TPEx, and resume the retention.

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