Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities Article 16
A securities firm that brokers trades in foreign securities shall abide by the following provisions:1. The securities firm may not use its proprietary funds to first purchase a given security and then sell the same security to a principal in a brokered trade.2. If the terms and conditions of issuance of a subject investment restrict the investor from early redemption or sale of the given subject investment within a specific period after its issuance, or if the terms and conditions make no such restrictions, the securities firm may not enter into a separate agreement with the principal under terms different from the terms of issuance.3. When the securities firm and the principal enter into a separate agreement to process the principal's request for early redemption or instructions for sale of the subject investment on a specific date, they shall at the same time stipulate that the principal may still request redemption at other times, and the securities firm shall notify the principal of any factors that might be detrimental to the principal's interests.
中文原文 證券商受託買賣外國有價證券管理規則第16條
證券商受託買賣外國有價證券，應遵守下列規定：
一、不得以自有資金先行買入該有價證券，再以受託買賣方式賣予委託人。
二、投資標的之發行條件限制投資人於發行後一定期間內不得提前贖回或出售該投資標的，或未有該限制者，證券商不得另行與委託人為該發行條件以外之約定。
三、證券商與委託人另行約定於固定期日受理委託人提前請求贖回或出售投資標的指示者，應同時明定委託人仍得於其他時間請求贖回，證券商並應告知可能不利委託人之情事。
一、不得以自有資金先行買入該有價證券，再以受託買賣方式賣予委託人。
二、投資標的之發行條件限制投資人於發行後一定期間內不得提前贖回或出售該投資標的，或未有該限制者，證券商不得另行與委託人為該發行條件以外之約定。
三、證券商與委託人另行約定於固定期日受理委託人提前請求贖回或出售投資標的指示者，應同時明定委託人仍得於其他時間請求贖回，證券商並應告知可能不利委託人之情事。