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Chapter Law Content

Title: Securities and Exchange Act CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter V Stock Exchange
Section 5 Securities Brokerage Transactions
Article 158
(Brokerage Contract Regulations)
Brokerage contracts between a securities broker and its customers for transactions to be effected on a centralized securities exchange market shall be prepared in accordance with the form of the standard brokerage contract prescribed by the stock exchange.
The material aspects of the standard brokerage contract referred to in the preceding paragraph shall be prescribed by the Competent Authority.
Article 159
(Prohibition of Discretionary Trading)
A securities broker shall not accept any full authorization that allows him/her to determine the type, the number, or the price of securities to be bought or sold on the behalf of the principal.
Article 160
(Premises for Taking Brokerage Orders)
A securities broker shall not accept orders for the purchase or sale of securities in premises other than its principal place of business and its branch units.