Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms Article 22
In conducting margin purchase and short sale business, a securities firm shall not use securities for any purpose other than those listed below and shall deposit the securities in the central depository:1.As a source of securities for conducting short sale business.2.As collateral for refinancing of funds or securities by securities finance enterprises.3.As a source of securities to lend in conducting securities lending and borrowing business.4.As collateral for borrowing securities through the TWSE securities lending system.5.To lend to a securities firm or securities finance enterprise conducting securities borrowing and lending business as a source of securities for conducting securities borrowing and lending business or securities margin purchase and short sale business.6.To lend through the TWSE securities borrowing and lending system.7.To participate in competitive auction lending transactions or negotiated lending transactions conducted by a securities finance enterprise.A securities firm using securities referred to in the preceding paragraph shall be responsible for delivering securities of the same type upon settlement of margin purchases and short sales.
中文原文 證券商辦理有價證券買賣融資融券管理辦法第22條
證券商辦理有價證券買賣融資融券，對所取得之證券，除作下列之運用外，不得移作他用，且應送存集中保管：
一、作為辦理融券業務之券源。
二、作為向證券金融事業轉融通資金或證券之擔保。
三、作為辦理有價證券借貸業務之出借券源。
四、作為向證券交易所借券系統借券之擔保。
五、出借予辦理有價證券借貸業務之證券商或證券金融事業作為辦理有價證券借貸業務或有價證券融資融券業務之券源。
六、於證券交易所借券系統出借證券。
七、參與證券金融事業之標借或議借。
證券商運用前項證券，應負責於融資融券清結時，以同種類證券交付之。
一、作為辦理融券業務之券源。
二、作為向證券金融事業轉融通資金或證券之擔保。
三、作為辦理有價證券借貸業務之出借券源。
四、作為向證券交易所借券系統借券之擔保。
五、出借予辦理有價證券借貸業務之證券商或證券金融事業作為辦理有價證券借貸業務或有價證券融資融券業務之券源。
六、於證券交易所借券系統出借證券。
七、參與證券金融事業之標借或議借。
證券商運用前項證券，應負責於融資融券清結時，以同種類證券交付之。