| Article 1 |
These Handling Measures are specially adopted for purposes of responding to announcements of halts of trading by the Taiwan Stock Exchange Corporation ("TWSE") or the Taipei Exchange (TPEx) in accordance with their respective Measures for Handling Malfunctions or Telecommunication Disruptions in Trading Systems or Trading Transmission Systems ("Measures for Handling Malfunctions or Disruptions"), or the announcement of a halt of trading of TWSE or TPEx listed securities in accordance with the respective Procedures for Verification and Disclosure of Material Information of Companies with TWSE or TPEx Listed Securities ("Procedures for Verification and Disclosure of Material Information "), in order to maintain orderly trading in the futures market.
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| Article 2 |
If the TWSE or TPEx announces a trading halt pursuant to its Measures for Handling Malfunctions or Disruptions by 8:45 a.m. on a TAIFEX trading day, the TAIFEX may announce a halt of trading in contracts which have TWSE or TPEx listed indexes, stocks, or beneficial certificates as underlyings. If the TWSE or TPEx makes such an announcement after 8:45 a.m. on a TAIFEX trading day, the trading of the contracts will continue, but, when necessary, the TAIFEX may announce a trading halt depending on the circumstances at the given time, and then report the halt for recordation with the competent authority on the following business day.
During the trading halt, the TAIFEX stops accepting trading orders and alterations to trading orders, but futures commission merchants may apply to cancel, or to reduce the quote size of, trading orders that have not been executed prior to the trading halt.
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| Article 3 |
When the TWSE or TPEx halts the trading of a TWSE or TPEx listed security in accordance with their respective Procedures for Verification and Disclosure of Material Information, the TAIFEX may announce a halt of trading in the single stock futures contracts or single stock options contracts which have that TWSE or TPEx listed security as their underlying.
The period of each trading halt as mentioned in the preceding paragraph shall be from 1 to 3 trading days, and continuous trading halts may be imposed when necessary.
During the trading halt, the TAIFEX stops accepting trading orders, and trading orders that have not been executed prior to the halt shall be invalidated.
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| Article 4 |
If any of the following circumstances occurs on the last trading day of any contract, then the last trading day may be postponed to the next following trading day:
- The TWSE or TPEx announces a trading halt pursuant to the Measures for Handling Malfunctions or Disruptions, and the trading time during the normal trading session lasts less than 15 minutes.
- A trading halt pursuant to the preceding Article.
- Any other factor affecting the trading or settlement of any contract.
If the last trading day is postponed pursuant to subparagraph 1 or 3 of the preceding paragraph, the trading hours of the regular trading session on the originally specified last trading day may continue until 1:30 p.m., and the contract need not be traded in the after-hours trading session.
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| Article 5 |
When the TAIFEX announces a halt of trading of a contract due to any circumstance under Article 2 or 3, if the TWSE or TPEx announces the resumption of trading in the underlying, the TAIFEX may announce the resumption of trading in the contract.
In the case of a trading halt under Article 2, the handling methods for the resumption of trading shall be as follows:
- The last executed trade price prior to the halt shall serve as the reference price upon resumption of trading for the current trading session. If there is no executed trade price, the opening reference price for the current trading session will serve as the reference price upon resumption of trading.
- Upon resumption of trading, trade matching will resume by means of call auction, and then by continuous matching until close of market. However, the provisions regarding call auction shall not apply to the resumption of trade matching upon resumption of trading of Flexible Contracts.
- During a period of time prior to the resumption of matching as specified in the preceding subparagraph, the TAIFEX trading system will accept the entry, cancellation, and alteration of trading orders, but will not accept fill-or-kill orders, combination orders, market with protection orders, or block trading orders. Furthermore, no order may be cancelled or altered during the last 2 minutes prior to the resumption of matching. The above-mentioned period of time shall be 15 minutes for the regular trading session, and 10 minutes for the after-hours trading session.
- Trading orders entered prior to a trading halt that are unexecuted shall remain valid during the current trading session, and the order of priority shall remain unchanged, with the exception of fill-or-kill orders, combination orders, market with protection orders, and block trading orders, which shall be invalidated.
During the 15 minutes prior to the resumption of trading of Flexible Contracts, the TAIFEX trading system will accept only the cancellation of trading orders for such contracts, and the provisions of subparagraph 3 of the preceding paragraph shall not apply.
Trading orders and matching methods following resumption of trading shall be handled in accordance with the TAIFEX Operating Rules and other applicable regulations.
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| Article 6 |
When the TAIFEX has halted the trading of any contract due to a circumstance under Article 2, if the TWSE or TPEx announces the suspension of trading in the underlying, then the TAIFEX will immediately announce suspension of trading in that contract.
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| Article 7 |
When there is any trading halt, resumption of trading, or suspension of trading in any contract, its block trading will also simultaneously be halted, resumed or suspended.
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| Article 8 |
The TAIFEX shall announce any trading halt, resumption of trading, or suspension of trading through channels for the disclosure of trading information or media communications instruments.
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| Article 9 |
These Handling Measures, and any amendments hereto, shall enter into force after approval and recordation by the competent authority.
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