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Title: Taiwan Futures Exchange Corporation Rules Governing Online Reporting Procedures for Futures Commission Merchants
Date: 2005.09.02 ( Announced )
Date: 2017.02.20 ( Amended )

Article Content

 
Article 1     These Rules are specially promulgated to establish a system for the reporting of online information by futures commission merchants (FCMs).
Article 2     These Rules apply to FCMs that have entered into a contract for use of the centralized futures trading market with the Taiwan Futures Exchange Corporation (the "TAIFEX").
Article 3     FCMs shall handle online reporting procedures in accordance with these Rules; matters on which these Rules are silent shall be handled in accordance with the Operating Rules of the TAIFEX or other application regulations.
Article 4     An FCM shall report the following information online:
  1. Basic information:
    1. FCM basic information
    2. Information on the directors, supervisors, managers, and shareholders with shareholding of more than 10 percent of the FCM, and on any changes of shareholdings of such persons
  2. Financial information:
    1. Statements to be filed on a daily basis or from time to time:
      1. Spreadsheet of adjusted net capital (ANC).
      2. For overseas Chinese, foreign national, and mainland area investors: the status of foreign exchange settlement of funds and summary information on margin account equity.
      3. The balance of deposits and status of central book-entry bonds in margin accounts.
      4. The total equity value of margin accounts.
    2. Statements to be filed on a monthly basis:
      1. Monthly summary of accounting items.
      2. Profile of revenue/expenditures
      3. Monthly statement of financial ratios
      4. Spreadsheet of adjusted net capital (ANC) and all attachments
      5. Bank deposit statements
      6. Information on foreign exchange settlements on behalf of futures traders.
      7. A statistical table showing the total amount of futures traders' margins.
    3. Statements to be filed on an annual and semi-annual basis:
      1. Balance sheets for annual and semi-annual financial reports
      2. Statements of comprehensive income for annual and semi-annual financial reports
      3. Statements of changes in equity for annual and semi-annual financial reports
      4. Statements of cash flows for annual and semi-annual financial reports
      5. CPA audit reports for annual and semi-annual financial reports
      6. Reporting of the statements in sub-items (c) to (e) of this item shall not apply to an enterprise concurrently operating futures business.
  3. Information on business operations:
    1. Statements to be filed on a daily basis or from time to time:
      1. Details of out-trades and account number corrections of the FCM
      2. Details for defaults by principals
    2. Statements to be filed on a monthly basis:
      1. Monthly statement of futures trading volume in domestic market
      2. Monthly statement of futures trading volume in foreign markets
     An FCM shall, separately and on a monthly basis, report to the TAIFEX by electronic media the information on the directors, supervisors, managers, and shareholders with shareholding of more than 10 percent of the FCM, and on any changes in the shareholdings of such persons, monthly summary of accounting items, profile of revenue/expenditures, monthly statement of financial ratios, spreadsheet of adjusted net capital (ANC) and all attachments, and itemized bank deposit statements, affixed with the requisite official seals.
Article 5     The time limits for online reporting of information by an FCM are as follows:
  1. An FCM shall report its basic information within three business days from commencement of business or changes thereof.
  2. Information on directors, supervisors, managers, and shareholders with shareholding of more than 10 percent of an FCM shall be reported within three business days from commencement of business; information on any changes of shareholding of any such person shall be compiled and reported by the 15th day of the following month.
  3. Financial information reported on a daily basis or from time to time shall be reported by 7:30 p.m. of the filing day. If the filing cannot be completed by the time limit on the filing day, the financial information as of 4:15 p.m. shall first be reported, and the filing shall be completed by 9 a.m. on the following business day.
  4. Financial information reported on a monthly basis shall be reported by the tenth day of each month.
  5. The financial report for the immediately preceding half-year shall be reported during the period from the 15th day to the end of the second month after the close of each fiscal half-year; the financial report for the full year shall be reported during the period from the 15th day to the end of the third month after the close of each fiscal year.
  6. Details of out-trades and account number corrections of the FCM shall be reported within the time limit for reporting prescribed by the TAIFEX in the Guidelines for the Reporting and Handling of Out-Trades and Account Number Corrections by Futures Commission Merchants.
  7. Details of defaults by principals shall be reported within the time limit for reporting prescribed by the TAIFEX in the Guidelines for Futures Commission Merchants in Reporting Default by Principals.
  8. Information on business operations reported on a monthly basis shall be reported by the 10th day of each month.
Article 6     An FCM may report information by either of the following alternatives: file uploading or online entering. Provided, however, that online entering shall be applied where no file format for a certain report is provided under these Rules.
Article 7     Where an FCM makes false or untrue statements in reporting information online, or fails to duly report information, the TAIFEX may take measures under applicable provisions of the TAIFEX Operating Rules.