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Title Operating Rules of the Taiwan Stock Exchange Corporation CH
Date 2003.05.30 ( Amended )

Article Content

Article 1
Article 2
Article 2-1
Article 3
Article 4
Article 5
Article 6
Article 7
Article 8
Article 9
Article 9-1
Article 9-2
Article 9-3
Article 10
Article 11
Article 12
Article 13
Article 14
Article 15
Article 16
Article 17
Article 18
Article 19
Article 20
Article 21
Article 22
Article 23
Article 24
Article 25
Article 26
Article 27
Article 28
Article 28-1
Article 28-2
Article 29
Article 30
Article 31
Article 32
Article 33
Article 34
Article 35
Article 36
Article 37
Article 38
Article 39
Article 40
Article 41
Article 42
Article 42-1
Article 43
Article 43-1
Article 43-2
Article 44
Article 45
Article 45-1
Article 46
Article 46-1
Article 47
Article 47-1
Article 47-2
Article 47-3
Article 47-4
Article 48
Article 48-1
Article 49
Article 50
Article 50-1
Article 50-2
Article 50-3
Article 50-4
Article 50-5
Article 50-6
Article 51
Article 51-1
Article 51-2
Article 51-3
Article 52
Article 52-1
Article 53
Article 54
Article 55
Article 56
Article 57
Article 57-1
Article 58 The validity of trading orders relating to the automated computer trading system shall be limited to the day on which the order is placed.  Unless otherwise prescribed, trading orders for the automated computer trading system may be keyed-in 30 minutes prior to the opening of the market trading by the participating securities brokers or dealers. Such orders shall include the code of the securities firm, serial number of the consignment order (or serial number of proprietary trading orders), type of consignment (margin purchase, short sale, central depositary, self-custody), account number of the principal (or of the dealer), code of listed securities, type of transaction (normal, bulk, odd-lot), price, volume, and sale/purchase. Upon acceptance by the computer of this Corporation, a trading confirmation slip shall be printed. When a matching trade is made, a trading confirmation slip will be printed on the printer of the participating securities firms. The items printed on the trading confirmation slip or the match confirmation slip may be adjusted by this Corporation depending on actual need.  The serial number of the consignment order to be keyed-in by the participating securities brokers as referred to in the preceding Paragraph shall be sequentially assigned in the order that the consignments were received. The serial number of proprietary trading orders by securities dealers shall be sequentially numbered in the order that the orders were placed.  The price of the trading orders shall be within the daily fluctuation limit placed in accordance with Paragraphs 1 and 2 of Article 63.  This Corporation shall disclose, on a real-time basis during trading hours, execution prices and volumes, and the order prices and volumes of the highest unexecuted buy orders and lowest unexecuted sell orders.  Application of securities firms for changes to the trading orders, except in the case of orders reducing the volume to be traded, shall be accomplished by first canceling the original trading order, and then placing new trading orders.The validity of trading orders relating to the automated computer trading system shall be limited to the day on which the order is placed.  Unless otherwise prescribed, trading orders for the automated computer trading system may be keyed-in 30 minutes prior to the opening of the market trading by the participating securities brokers or dealers. Such orders shall include the code of the securities firm, serial number of the consignment order (or serial number of proprietary trading orders), type of consignment (margin purchase, short sale, central depositary, self-custody), account number of the principal (or of the dealer), code of listed securities, type of transaction (normal, bulk, odd-lot), price, volume, and sale/purchase. Upon acceptance by the computer of this Corporation, a trading confirmation slip shall be printed. When a matching trade is made, a trading confirmation slip will be printed on the printer of the participating securities firms. The items printed on the trading confirmation slip or the match confirmation slip may be adjusted by this Corporation depending on actual need.  The serial number of the consignment order to be keyed-in by the participating securities brokers as referred to in the preceding Paragraph shall be sequentially assigned in the order that the consignments were received. The serial number of proprietary trading orders by securities dealers shall be sequentially numbered in the order that the orders were placed.  The price of the trading orders shall be within the daily fluctuation limit placed in accordance with Paragraphs 1 and 2 of Article 63.  This Corporation shall disclose, on a real-time basis during trading hours, execution prices and volumes, and the order prices and volumes of the highest unexecuted buy orders and lowest unexecuted sell orders.  Application of securities firms for changes to the trading orders, except in the case of orders reducing the volume to be traded, shall be accomplished by first canceling the original trading order, and then placing new trading orders.
Article 58-1  In principle, the announcement of price of the trading quote shall be within two fluctuation basis points of the closing price of the previous day, of the latest transaction price of the current trading day, or of the current announced price.However, in special circumstances, this Corporation may, in consideration of the trading price and the volume, make adjustments to the above.  The closing price referred to in the preceding Paragraph shall mean the last transaction price on the previous trading date.In case there are no transactions in the previous trading date, the latest transaction price shall be used.However, where there is an announcement of the daily price fluctuation limit in accordance with Paragraph 2 of Article 63, then such fluctuation limit shall be used.The latest transaction price for the current trading date, when there has been no matches on the trading date, shall refer to the closing price of the previous date.Where Paragraph 1 of Article 59 and Paragraphs 2 or 3 of Article 67 are applicable, then reference shall be made to the standards set forth in such Paragraphs, and the current announced price shall mean the transaction price, purchasing price or selling price at the time of the announcement.
Article 58-2  Where matching transactions are made, the priority for satisfying trading quotes shall be as follows:  1. For quotes placed prior to the opening of the market, priority shall be determined randomly based on computer arrangement.  2. Market price quotes shall have priority over designated price quotes; provided that designated price quotes of purchases at the maximum daily high limit or sales at the maximum daily low limit shall be treated the same as market quotes for purchases or sales, and priority shall be based on the order in which the quotes were placed.  3. For designated price quotes, higher-priced purchasing quotes shall have priority over lower-priced purchasing quotes.Lower-priced selling quotes shall have priority over higher-priced selling quotes.  4. Where quotes are at the same designated prices such quotes and the designated price quotes of purchases at the maximum daily high limit and sales at the maximum daily low limit shall be treated identical to market price quotes, and priority shall be based on the order in which the quotes were placed.
Article 58-3
Article 58-4
Article 59
Article 59-1
Article 60
Article 61
Article 62
Article 63
Article 64
Article 65
Article 66
Article 67
Article 67-1
Article 68
Article 69
Article 70
Article 71
Article 72
Article 73
Article 74
Article 74-1
Article 75
Article 75-1
Article 75-2
Article 76
Article 77
Article 77-1
Article 77-2
Article 77-3
Article 77-4
Article 77-5
Article 78
Article 79
Article 80
Article 80-1
Article 81
Article 82
Article 82-1
Article 82-2
Article 83
Article 84
Article 85
Article 86
Article 87
Article 88
Article 89
Article 90
Article 91
Article 91-1
Article 92
Article 93
Article 94
Article 95
Article 96
Article 97
Article 98
Article 99
Article 100
Article 101
Article 102
Article 103
Article 104
Article 105
Article 106
Article 107
Article 108
Article 109
Article 110
Article 111
Article 112
Article 113
Article 113-1
Article 114
Article 115
Article 116
Article 117
Article 118
Article 119
Article 120
Article 121
Article 122
Article 123
Article 124
Article 125
Article 126
Article 127
Article 128
Article 129
Article 130
Article 131
Article 132
Article 132-1
Article 132-2
Article 132-3
Article 132-4
Article 133
Article 134
Article 135
Article 136
Article 137
Article 138
Article 139
Article 140
Article 141
Article 142
Article 143
Article 144
Article 145
Article 145-1
Article 146
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