| 1 |
Closure of the TAIFEX centralized exchange market during the occurrence of natural disasters is handled according to the following principles:
- When the Taipei City Government announces cancellation of work for all governmental and educational agencies in Taipei City for the morning or the entire day of a given day, the TAIFEX centralized exchange market shall be closed during the regular trading session and the after-hours trading session.
- When the Taipei City Government announces cancellation of work for all governmental and educational agencies in Taipei City for the afternoon of a given day, the TAIFEX centralized exchange market shall not be closed during the regular trading session, and clearing and settlement operations for the current day shall be handled normally; however, futures commission merchants or clearing members unable to replenish margins due to the closure of financial institutions shall complete clearing and settlement operations with the consigned clearing member or the TAIFEX on the next following business day or before resuming business operations.
- When the Taipei City Government, by 2 p.m. on a given day, announces the cancellation of work for all governmental and educational agencies in Taipei City for the afternoon or evening of the given day, the TAIFEX centralized exchange market shall be closed during the after-hours trading session; when necessary, however, the TAIFEX remains entitled to announce the continuation of trading according to the circumstances at the time. When the Taipei City Government, after 2 p.m. on a given day, announces the cancellation of work for all governmental and educational agencies in Taipei City for the afternoon or evening of the given day, the TAIFEX centralized exchange market shall not be closed during the after-hours trading session.
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| 2 |
The TAIFEX centralized exchange market shall be closed during the regular trading session and the after-hours trading session on voting days for the election of central and local public officials or by-election or recall of the Taipei mayor.
The TAIFEX centralized exchange market shall not close on voting days for the election, by-election, or recall of public officials other than those referred to in the preceding paragraph.
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| 3 |
If a day on which the TAIFEX centralized exchange market closes is the last trading or last clearing day originally stipulated in the futures contract, such last trading day or last clearing day shall be postponed to the next following business day, unless otherwise provided.
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| 4 |
When the TAIFEX centralized exchange market is not closed on the day a natural disaster occurs, and the county or city government in the disaster area announces cancellation of work for governmental and educational agencies for the morning or the entire day of the given day, futures commission merchants may operate normally upon consent from the clearing members; where the county or city government in the disaster area announces cancellation of work for governmental and educational agencies for the afternoon or evening of the given day, futures commission merchants shall operate normally.
When the TAIFEX centralized exchange market is not closed and the Central Election Commission announces cancellation of work for government agencies, schools, associations, and business institutions in a certain electoral district(s), futures commission merchants in such electoral district(s) may operate normally upon consent from the clearing members.
The consigned clearing members of those futures commission merchants operating normally shall complete clearing and settlement operations with the TAIFEX in accordance with the TAIFEX Operational Key Points of Clearing and Settlement for Futures Commission Merchants and Clearing Members. Futures commission merchants or clearing members unable to replenish margins due to the closure of financial institutions shall complete clearing and settlement operations with the consigned clearing member or the TAIFEX on the next following business day or before resuming business operations.
A futures commission merchant that does not operate [on a day referred to in] paragraphs 1 or 2 shall complete clearing and settlement operations with the consigned clearing member on the next following business day or before resuming business operations.
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| 5 |
If a clearing member has clearing margin payable as a result of suspension of business of all clearing members and consigned futures commission merchants under circumstances referred to in Point 4, it shall complete clearing and settlement operations with the TAIFEX on the next following business day or before resuming business operations.
Futures commission merchants that do not operate [under circumstances in] the preceding paragraph shall complete clearing and settlement operations with their consigned clearing members on the next following business day or before resuming business operations.
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| 6 |
These Provisions, and any amendments hereto, shall take force upon promulgation following ratification by the competent authority.
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