Standards Governing Eligibility of Securities for Margin Purchase and Short Sale Article 3

Where beneficial certificates have been exchange-listed (or OTC-listed) for a full 6 months, the stock exchange or OTC market shall publicly announce the certificates as eligible for margin purchase and short sale, and report same to the competent authority on a monthly basis; provided, passive exchange-traded securities investment trust fund beneficial certificates ("passive ETF beneficial certificates") and active exchange-traded securities investment trust fund beneficial certificates ("active ETF beneficial certificates") issued by a securities investment trust enterprise (SITE), exchange-traded futures trust fund beneficial certificates ("futures ETF beneficial certificates") issued by a futures trust enterprise, and the beneficial certificates, shares, or investment units of offshore passive exchange-traded funds offered and sold in Taiwan pursuant to the Regulations Governing Offshore Funds by an offshore fund manager or its designated institution ("offshore passive ETF beneficial certificates") may be exempted from the 6-month exchange (or OTC) listing requirement.With the exception of passive ETF beneficial certificates, active ETF beneficial certificates, futures ETF beneficial certificates, and offshore passive ETF beneficial certificates, the provisions in paragraphs 4 and 5 of the preceding article shall apply mutatis mutandis to beneficial certificates.