Regulations Governing Custody and Investment of Funds by Securities Firms on Behalf of Customers Article 16
A securities firm that keeps custody of and invests funds on behalf of customers shall enter into a contract with customers regarding the custody and investment of funds.The contract of the preceding paragraph shall specify at least the following matters:1. The type and the amount of funds to be kept under custody and used for investment.2. The required minimum amount for investment.3. The types of investment instruments.4. The method and time of notification regarding the individual underlyings in each type of investment instrument under the preceding subparagraph that the securities firm decides to invest in.5. A securities firm that keeps custody of and invests funds on behalf of a customer shall do so pursuant to the customer's directions, and may not be involved in making investment judgments unless it has obtained the customer's authorization on the terms and conditions of transaction for individual investment instruments.6. The securities firm shall invest the funds in the cash management account under the name of "XXX Securities Firm's Customer Cash Management Account."7. The priority of disposition of investment instruments when the customer has funding needs.8. The application procedure by which customers withdraw their funds.9. Where a securities firm keeps custody of and invests funds on behalf of customers, the risks and profits and losses arising from the investment shall be born and enjoyed solely by the customers; the securities firm shall not enter into any stipulation with customers regarding the sharing of investment profits and losses. The securities firm shall also disclose in the contract the potential risks with respect to investments of funds and to dispositions of various underlyings for purposes of meeting the funds needs of customers.10. When the investment instrument is a repo-style transaction, if a single repo-style transaction is undertaken that consolidates the funds of two or more customers and some of the customers terminate their contracts early, triggering the circumstances for early termination of the transaction, the securities firm shall obtain approval from the other customers to allow it to terminate the contract early, on its own, in such circumstances. The securities firm shall handle the subsequent matters pursuant to Article 18.11. A securities firm that uses the cash management account to conduct a transaction in any investment instrument specified in Article 11 with its own proprietary account or the account of any company that is an interested party of the securities firm shall obtain its customers' approval, and the conditions for trading may not be less favorable than for other trading counterparties of the same type, and the securities firm shall disclose the aforementioned trading information.12. The securities firm shall keep a record of fund payments and receipts and related investments in the course of operating this business.13. Matters related to the interest generated on customer funds kept in custody by the securities firm in the cash management account, the profits and losses from the investments, and the management fee rates.14. When a securities firm discontinues the operation of this business due to noncompliance with Article 6, or when customers terminate the contract early or do not extend the contract upon expiration, then on the following business day and within the following five business days, respectively, the securities firm shall transfer customer funds under custody in the cash management account and the proceeds from closing out investments already made to the securities transfer accounts opened by customers for the transactions under Article 10, paragraph 1, subparagraph 1. The securities firm shall disclose to customers potential losses from the aforementioned method of handling the funds.15. The effective date and duration of the contract, and the procedures for amendment and termination of the contract.16. Dispute resolution.A model for the contract referred to in paragraph 1 shall be drafted by the Taiwan Securities Association and submitted for the competent authority's approval.
中文原文 證券商辦理客戶委託保管及運用其款項管理辦法第16條
證券商辦理客戶委託保管及運用其款項業務，應由證券商與客戶簽訂辦理客戶委託保管及運用其款項契約書。
前項契約書內容，至少應載明下列事項：
一、委託保管及運用款項種類及額度。
二、款項運用之最低金額。
三、運用標的之種類。
四、證券商就前款種類決定運用於個別標的之通知方式及通知時點。
五、證券商接受客戶委託保管及運用其款項，應依客戶指定為之，除已取得客戶對個別運用標的交易條件之授權者外，不得涉入投資判斷。
六、證券商運用現金管理專戶款項時，應以「○○證券商之客戶現金管理專戶」名稱為之。
七、客戶有支應資金需求時，運用標的之動用順序。
八、客戶領回資金之申請程序。
九、證券商接受客戶委託保管及運用其款項，對運用資金所生之風險與損益，悉由客戶自行負擔與享有，亦不得與客戶為投資損益分擔之約定，證券商並應於契約書充分揭露運用資金及為支應客戶資金需求而處分各類標的時可能產生之風險。
十、應以特別約定條款載明投資標的為政府債券、上市（櫃）普通公司債或一般金融債券之附買回交易時，所從事單筆附買回交易係合併二個以上客戶之款項且有部分客戶提前解約，致該筆交易提前解約之情況者，同意證券商在此情況下可逕行提前解約，證券商並應依第十九條規定辦理後續事宜。
十一、證券商以現金管理專戶款項與證券商本身或與證券商有利害關係之公司從事有關第十一條規定可運用標的之交易時，應取得客戶同意，且其買賣條件不得低於其他同類交易對象，並應揭露上開交易資訊。
十二、證券商辦理本業務，應就款項收付及相關運用事項留存紀錄。
十三、證券商保管客戶款項於現金管理專戶所生利息、運用所生損益及管理費費率相關事項。
十四、證券商因不符第六條規定停止辦理本業務、或於客戶提前終止契約或契約到期不續約時，應分別於次一個營業日及次五個營業日內，將保管於現金管理專戶之客戶款項及就已運用部分結清運用標的所得款項，撥轉至客戶從事第十條第一項第一款交易所開立之證券款項劃撥帳戶。
證券商應揭露前揭處理方式對客戶可能造成之損失。
十五、契約之生效日期及存續期間、契約變更與終止之處理方式。
十六、爭議事項之處理。
第一項契約書範本，由中華民國證券商業同業公會擬訂，報主管機關核定。
前項契約書內容，至少應載明下列事項：
一、委託保管及運用款項種類及額度。
二、款項運用之最低金額。
三、運用標的之種類。
四、證券商就前款種類決定運用於個別標的之通知方式及通知時點。
五、證券商接受客戶委託保管及運用其款項，應依客戶指定為之，除已取得客戶對個別運用標的交易條件之授權者外，不得涉入投資判斷。
六、證券商運用現金管理專戶款項時，應以「○○證券商之客戶現金管理專戶」名稱為之。
七、客戶有支應資金需求時，運用標的之動用順序。
八、客戶領回資金之申請程序。
九、證券商接受客戶委託保管及運用其款項，對運用資金所生之風險與損益，悉由客戶自行負擔與享有，亦不得與客戶為投資損益分擔之約定，證券商並應於契約書充分揭露運用資金及為支應客戶資金需求而處分各類標的時可能產生之風險。
十、應以特別約定條款載明投資標的為政府債券、上市（櫃）普通公司債或一般金融債券之附買回交易時，所從事單筆附買回交易係合併二個以上客戶之款項且有部分客戶提前解約，致該筆交易提前解約之情況者，同意證券商在此情況下可逕行提前解約，證券商並應依第十九條規定辦理後續事宜。
十一、證券商以現金管理專戶款項與證券商本身或與證券商有利害關係之公司從事有關第十一條規定可運用標的之交易時，應取得客戶同意，且其買賣條件不得低於其他同類交易對象，並應揭露上開交易資訊。
十二、證券商辦理本業務，應就款項收付及相關運用事項留存紀錄。
十三、證券商保管客戶款項於現金管理專戶所生利息、運用所生損益及管理費費率相關事項。
十四、證券商因不符第六條規定停止辦理本業務、或於客戶提前終止契約或契約到期不續約時，應分別於次一個營業日及次五個營業日內，將保管於現金管理專戶之客戶款項及就已運用部分結清運用標的所得款項，撥轉至客戶從事第十條第一項第一款交易所開立之證券款項劃撥帳戶。
證券商應揭露前揭處理方式對客戶可能造成之損失。
十五、契約之生效日期及存續期間、契約變更與終止之處理方式。
十六、爭議事項之處理。
第一項契約書範本，由中華民國證券商業同業公會擬訂，報主管機關核定。