Regulations Governing Responsible Persons and Associated Persons of Securities Firms Article 18
Responsible persons and associated persons of a securities firm shall conduct business in accordance with the principles of honesty and good faith.Except where otherwise provided by law or regulation, responsible persons and associated persons of a securities firm may not engage in the following conduct:1. Engaging in the trading of TWSE listed or TPEx listed stocks with information learned in the course of their duties for the purpose of obtaining speculative profit.2. Disclosing information regarding a customer order or other secrets learned in the course of their duties, other than in response to inquiries made in accordance with laws or regulations.3. Accepting a customer's trading order with discretionary authority over the type, quantity, price, or purchase or sale of the securities.4. Securities trading with a guarantee of profit to the customer or involving profit-sharing with the customer.5. Securities trading under an agreement with the customer to jointly assume the losses or profits of the transaction.6. Accepting an order from a customer to buy or sell securities and concurrently buying or selling the same securities for his or her own account in an opposite trade.7. Using a customer's name or account to subscribe or trade securities.8. Subscribing or trading securities for a customer in the name of another person or a relative.9. Borrowing or lending of money or securities to or from a customer, or acting as an intermediary for the borrowing or lending of money or securities to or from a customer.10. Engaging in concealment, fraud, or other conduct sufficient to mislead others when conducting underwriting, proprietary trading, or brokerage trading of securities.11. Misappropriating, or keeping custody on behalf of customers, of securities, funds, seals, or passbooks.12. Trading securities for a customer that has not entered into a brokerage contract.13. Trading securities other than in accordance with the instructions and conditions of the order placed by the customer.14. Providing judgments to customers or unspecified persons that the price of certain securities will rise or fall in order to solicit trading.15. Recommending trades in specific stocks to unspecified persons, except as necessary for purposes of securities underwriting.16. Accepting customer settlement by means of offsetting a purchase or sale of securities with a sale or purchase of securities of the same type through the same or a different account. However, this restriction shall not apply to settlement by mutually offsetting margin purchases and short sales in margin trading, nor shall it apply to accepting customer settlement by means of mutually offsetting an equal quantity of cash purchases and spot sales of the same security that have been executed through the same account on the same business day, when done in accordance with laws and regulations.17. Opening an account, or subscribing, trading, or settling securities as agent on behalf of another person, provided that this restriction does not apply if the responsible person or associated person is the statutory representative of the principal.18. Processing the opening of an account, or the subscription, trading, or settlement of securities, for any director, supervisor, or employee of the securities firm who is acting as an agent on behalf of another person.19. Processing the opening of an account for any person other than the principal for whom the account is being opened. However, this rule does not apply if the FSC has provided otherwise.20. Processing an application for subscription, trading, or settlement of securities from any person who is neither the customer nor an agent with a power of attorney from the customer. However, this restriction does not apply when the securities firm, pursuant to a three-party agreement signed jointly between it and the customer and the securities investment consulting enterprise, accepts automatic rebalancing trades automatically executed for the customer by the securities investment consulting enterprise through a computer system.21. Accepting a trading order despite being aware that the customer is using undisclosed information of a public company that will have a material impact on the stock price of the company or being aware that the customer intends to manipulate the market.22. Any agreement between any person conducting securities underwriting business and the issuing company or its relevant personnel for purposes of obtaining improper profit.23. Soliciting, acting as an intermediary for, or promoting any unapproved securities or derivative products thereof.24. Other conduct in violation of securities laws or regulations or conduct prohibited by the rules prescribed by the FSC.Persons referred to in the preceding paragraph, when conducting business, also may not engage in any conduct prohibited by laws and regulations governing securities firms.The provisions of the two preceding paragraphs shall apply mutatis mutandis to other employees of a securities firm.
中文原文 證券商負責人與業務人員管理規則第18條
證券商負責人及業務人員執行業務應本誠實及信用原則。
證券商之負責人及業務人員，除其他法令另有規定外，不得有下列行為：
一、為獲取投機利益之目的，以職務上所知悉之消息，從事上市或上櫃有價證券買賣之交易活動。
二、非應依法令所為之查詢，洩漏客戶委託事項及其他職務上所獲悉之秘密。
三、受理客戶對買賣有價證券之種類、數量、價格及買進或賣出之全權委託。
四、對客戶作贏利之保證或分享利益之證券買賣。
五、約定與客戶共同承擔買賣有價證券之交易損益，而從事證券買賣。
六、接受客戶委託買賣有價證券時，同時以自己之計算為買入或賣出之相對行為。
七、利用客戶名義或帳戶，申購、買賣有價證券。
八、以他人或親屬名義供客戶申購、買賣有價證券。
九、與客戶有借貸款項、有價證券或為借貸款項、有價證券之媒介情事。
十、辦理承銷、自行或受託買賣有價證券時，有隱瞞、詐欺或其他足以致人誤信之行為。
十一、挪用或代客戶保管有價證券、款項、印鑑或存摺。
十二、受理未經辦妥受託契約之客戶，買賣有價證券。
十三、未依據客戶委託事項及條件，執行有價證券之買賣。
十四、向客戶或不特定多數人提供某種有價證券將上漲或下跌之判斷，以勸誘買賣。
十五、向不特定多數人推介買賣特定之股票。
但因承銷有價證券所需者，不在此限。
十六、接受客戶以同一或不同帳戶為同種有價證券買進與賣出或賣出與買進相抵之交割。
但依法令辦理信用交易資券相抵交割及接受客戶以同一帳戶於同一營業日為現款買進有價證券成交後，以現券賣出同種類有價證券，就相同數量部分相抵交割者，不在此限。
十七、代理他人開戶、申購、買賣或交割有價證券。
但為委託人之法定代理人，不在此限。
十八、受理本公司之董事、監察人、受僱人代理他人開戶、申購、買賣或交割有價證券。
十九、受理非本人開戶。
但本會另有規定者，不在此限。
二十、受理非本人或未具客戶委任書之代理人申購、買賣或交割有價證券。
但證券商依其與客戶及證券投資顧問事業共同簽訂之三方契約，接受證券投資顧問事業由電腦系統自動為客戶執行自動再平衡交易者，不在此限。
二十一、知悉客戶有利用公開發行公司尚未公開而對其股票價格有重大影響之消息或有操縱市場行為之意圖，仍接受委託買賣。
二十二、辦理有價證券承銷業務之人員與發行公司或其相關人員間有獲取不當利益之約定。
二十三、招攬、媒介、促銷未經核准之有價證券或其衍生性商品。
二十四、其他違反證券管理法令或經本會規定不得為之行為。
前項人員執行業務，對證券商管理法令規定不得為之行為，亦不得為之。
前二項之規定於證券商其他受僱人準用之。
證券商之負責人及業務人員，除其他法令另有規定外，不得有下列行為：
一、為獲取投機利益之目的，以職務上所知悉之消息，從事上市或上櫃有價證券買賣之交易活動。
二、非應依法令所為之查詢，洩漏客戶委託事項及其他職務上所獲悉之秘密。
三、受理客戶對買賣有價證券之種類、數量、價格及買進或賣出之全權委託。
四、對客戶作贏利之保證或分享利益之證券買賣。
五、約定與客戶共同承擔買賣有價證券之交易損益，而從事證券買賣。
六、接受客戶委託買賣有價證券時，同時以自己之計算為買入或賣出之相對行為。
七、利用客戶名義或帳戶，申購、買賣有價證券。
八、以他人或親屬名義供客戶申購、買賣有價證券。
九、與客戶有借貸款項、有價證券或為借貸款項、有價證券之媒介情事。
十、辦理承銷、自行或受託買賣有價證券時，有隱瞞、詐欺或其他足以致人誤信之行為。
十一、挪用或代客戶保管有價證券、款項、印鑑或存摺。
十二、受理未經辦妥受託契約之客戶，買賣有價證券。
十三、未依據客戶委託事項及條件，執行有價證券之買賣。
十四、向客戶或不特定多數人提供某種有價證券將上漲或下跌之判斷，以勸誘買賣。
十五、向不特定多數人推介買賣特定之股票。
但因承銷有價證券所需者，不在此限。
十六、接受客戶以同一或不同帳戶為同種有價證券買進與賣出或賣出與買進相抵之交割。
但依法令辦理信用交易資券相抵交割及接受客戶以同一帳戶於同一營業日為現款買進有價證券成交後，以現券賣出同種類有價證券，就相同數量部分相抵交割者，不在此限。
十七、代理他人開戶、申購、買賣或交割有價證券。
但為委託人之法定代理人，不在此限。
十八、受理本公司之董事、監察人、受僱人代理他人開戶、申購、買賣或交割有價證券。
十九、受理非本人開戶。
但本會另有規定者，不在此限。
二十、受理非本人或未具客戶委任書之代理人申購、買賣或交割有價證券。
但證券商依其與客戶及證券投資顧問事業共同簽訂之三方契約，接受證券投資顧問事業由電腦系統自動為客戶執行自動再平衡交易者，不在此限。
二十一、知悉客戶有利用公開發行公司尚未公開而對其股票價格有重大影響之消息或有操縱市場行為之意圖，仍接受委託買賣。
二十二、辦理有價證券承銷業務之人員與發行公司或其相關人員間有獲取不當利益之約定。
二十三、招攬、媒介、促銷未經核准之有價證券或其衍生性商品。
二十四、其他違反證券管理法令或經本會規定不得為之行為。
前項人員執行業務，對證券商管理法令規定不得為之行為，亦不得為之。
前二項之規定於證券商其他受僱人準用之。