25 May, 2018
The FSC issued the following administrative interpretation regarding Article 150 of the Securities and Exchange Act in its letter dated March 13, 2018:
The collection of margins through custom margin accounts by leverage transaction merchants conducting leverage contract trading of Taiwanese stocks shall not be subject to Article 150 of the Securities and Exchange Act (which provides that the trading of listed securities shall be conducted on a centralized securities exchange market operated by a stock exchange).
For further information, please contact:
Steven Yen, Tsar & Tsai Law Firm
StevenYen@TsarTsai.com.tw
