Standards Governing Eligibility of Securities for Margin Purchase and Short Sale Article 5
If any of the following conditions exist with respect to beneficial certificates eligible for margin purchase and short sale, the stock exchange or OTC market may publicly announce suspension of margin purchase and short sale transactions in such certificates, or adjust the margin purchase leverage limit or short sale margin requirement within the scope prescribed by the competent authority, and report same to the competent authority for recordation:1. Delisting has taken place.2. Financial reports have not been punctually filed and publicly announced in accordance with requirements.3. A situation set out in Article 96, paragraph 1 of the Securities Investment Trust and Consulting Act exists with respect to the securities investment trust enterprise managing the securities investment trust fund, or a situation set out in Article 38, paragraph 1 of the Regulations Governing Futures Trust Enterprises exists with respect to the futures trust enterprise managing the futures ETF.4. The price is too volatile.5. Beneficial ownership is overly concentrated.6. Trading volume is excessively abnormal.7. There is another situation that makes it unadvisable to continue margin purchase and short sale transactions.Where margin purchase and short sale transactions are suspended or the margin purchase leverage limit or short sale margin requirement is adjusted in accordance with the provisions of the preceding paragraph, if the reason for suspension or adjustment no longer exists, the stock exchange or OTC market shall publicly announce reinstatement and report same to the competent authority for recordation.The specific standards and procedures required in the preceding two paragraphs shall be prescribed by the stock exchange and OTC market and reported to the competent authority for approval.The provisions of subparagraphs 4 to 6 of paragraph 1 do not apply to passive ETF beneficial certificates, active ETF beneficial certificates, and futures ETF beneficial certificates. The provisions of subparagraphs 3 to 6 of paragraph 1 do not apply to offshore passive ETF beneficial certificates.
中文原文 有價證券得為融資融券標準第5條
得為融資融券交易之受益憑證有下列情事之一者，證券交易所或證券櫃檯買賣中心得公告暫停該受益憑證之融資融券交易，或在主管機關所定之範圍內，調整其融資比率或融券保證金成數，並報主管機關備查：
一、終止上市（櫃）。
二、未依規定按期申報並公告財務報告。
三、經理該證券投資信託基金之證券投資信託事業有證券投資信託及顧問法第九十六條第一項之情事或經理該指數股票型期貨信託基金之期貨信託事業有期貨信託事業管理規則第三十八條第一項之情事。
四、價格波動過度劇烈。
五、受益權過度集中。
六、成交量過度異常。
七、其他不適宜繼續融資融券交易之情事。
依前項暫停融資融券交易或調整融資比率、融券保證金成數者，於暫停或調整原因消滅時，由證券交易所或證券櫃檯買賣中心公告恢復，並報主管機關備查。
前二項規定之具體認定標準及作業程序，由證券交易所及證券櫃檯買賣中心擬訂，並報主管機關核定。
第一項第四款至第六款規定，於指數股票型基金受益憑證、主動式交易所交易基金受益憑證、指數股票型期貨信託基金受益憑證不適用；第一項第三款至第六款規定，於境外指數股票型基金受益憑證不適用。
一、終止上市（櫃）。
二、未依規定按期申報並公告財務報告。
三、經理該證券投資信託基金之證券投資信託事業有證券投資信託及顧問法第九十六條第一項之情事或經理該指數股票型期貨信託基金之期貨信託事業有期貨信託事業管理規則第三十八條第一項之情事。
四、價格波動過度劇烈。
五、受益權過度集中。
六、成交量過度異常。
七、其他不適宜繼續融資融券交易之情事。
依前項暫停融資融券交易或調整融資比率、融券保證金成數者，於暫停或調整原因消滅時，由證券交易所或證券櫃檯買賣中心公告恢復，並報主管機關備查。
前二項規定之具體認定標準及作業程序，由證券交易所及證券櫃檯買賣中心擬訂，並報主管機關核定。
第一項第四款至第六款規定，於指數股票型基金受益憑證、主動式交易所交易基金受益憑證、指數股票型期貨信託基金受益憑證不適用；第一項第三款至第六款規定，於境外指數股票型基金受益憑證不適用。