上市(櫃)公司依企業併購法以百分之百股份轉換方式轉換為投資控股公司時，預計轉換為投資控股公司之公司股票具融資融券資格者，轉換後之投資控股公司為上櫃公司，除其股票有股權過度集中之情事者外，即得為融資融券交易，不適用第二項股票上櫃滿六個月與第一款、第三款及第三項第一款、第三款之規定。
When a listed (or OTC-listed) company is converted into an investment holding company by a 100 percent share conversion in accordance with the Business Mergers and Acquisitions Act, if the company shares anticipated to be converted into the investment holding company are eligible for trading on margin purchase and short sale, the shares of the investment holding company after conversion, if it is an OTC-listed company, shall be eligible for trading on margin purchase and short sale, unless the shares are overly concentrated; the six-month OTC listing provision, and Subparagraphs 1 and 3, of Paragraph 2, and the provisions of Subparagraphs 1 and 3 of Paragraph 3, shall not apply
前四項作業程序由證券交易所及證券櫃檯買賣中心分別擬訂，並報本會核定。
The procedures for operations under the proceeding four paragraphs shall be drafted respectively by the Stock Exchange and the OTC Securities Exchange and reported to the FSC for ratification.
第3條 受益憑證上市滿六個月，由證券交易所公告得為融資融券交易，並按月彙報本會。
Article 3 Where any beneficiary certificate has been listed for more than six (6) months, the stock exchange may publicly announce that margin purchase and short sale are allowed for such beneficiary certificate and shall collectively report to the FSC on monthly basis;
但指數股票型證券投資信託基金受益憑證(以下簡稱指數股票型基金受益憑證)得不受上市滿六個月之限制。
provided, beneficiary certificates of exchange-traded securities investment trust funds (hereinafter referred to as "exchange-traded fund beneficiary certificates") may be exempted from the requirement of listing for six months.
前條第三項及第四項規定，除指數股票型基金受益憑證外，於受益憑證準用之。
The provisions in Paragraphs 3 and Paragraph 4 of the preceding Article shall apply mutatis mutandis to beneficiary certificates except for exchange-traded fund beneficiary certificates.
第4條 得為融資融券交易之股票有下列情事之一者，證券交易所及證券櫃檯買賣中心得公告暫停該股票之融資、融券交易，或在本會所定之範圍內，調整其融資比率或融券保證金成數，並報本會備查。
Article 4 If a stock allowed for margin purchase and short sale has any of the following conditions, the stock exchange and OTC exchange may publicly announce the suspension of the margin purchase and short sale transaction of such stock, or adjust the margin purchase ratio or percentage of margin for short sale within the scope prescribed by the FSC and report same to the FSC for recordation:
四上市或上櫃股票每股淨值低於票面者。
4.
The net worth per share of the listed or OTC-listed stock is less than the par value;
五上市或上櫃股票有鉅額違約情事且融資或融券餘額達一定比率者。
5.
There has been a major settlement breach for listed or OTC-listed stocks and the ratio of margin purchase or short sale has reached a set ratio;
六股價波動過度劇烈者。
6.
The stock price fluctuation is too drastic;
七股權過度集中者。
7.
The ownership of shares is over-centralized;
八成交量過度異常者。
8.
The trading volume is excessively abnormal; or
九其他不適宜繼續融資融券交易之情事者。
9.
There is any other situation for which continued margin purchase or short sale transaction is improper.
依前項暫停融資融券交易或調整融資比率、融券保證金成數者，於暫停或調整原因消滅時，由證券交易所或證券櫃檯買賣中心公告恢復，並報本會備查。
Where margin purchase or short sale transaction is suspended or margin purchase ratio or percentage of margin of short sale is adjusted in accordance with the provisions in the preceding Paragraph, if the reason for suspension or adjustment no longer exists, the stock exchange or OTC exchange shall make public announcement of the reinstatement and report to FSC for recordation.
前二項規定之具體認定標準及作業程序，由證券交易所及證券櫃檯買賣中心分別擬訂，並報本會核定。
The concrete determination standards and operational procedures of the provisions referred to in the Items of the preceding two Paragraphs shall be prescribed by the stock exchange and OTC exchange and approved by the FSC.
第5條 得為融資融券交易之受益憑證有下列情事之一者，證券交易所得公告暫停該受益憑證之融資、融券交易，或在本會所定之範圍內，調整其融資比率或融券保證金成數，並報本會備查：
Article 5 Where any beneficiary certificate allowed for margin purchase and short sale transactions has any of the following conditions, the stock exchange may make public announcement of suspension of the margin purchase and short sale transactions of such beneficiary certificate, or adjust the margin purchase ratio or the percentage of margin for short sale within the scope prescribed by FSC and report same to FSC for recordation:
一、終止上市。
1.Where listing of the beneficiary certificate has been terminated;
二、未依規定按期申報並公告財務報告。
2.Where the issuer has failed to punctually file and make public announcement of financial reports;
三、經理該證券投資信託基金之證券投資信託事業有證券投資信託及顧問法第九十六條第一項之情事。
3.
Where the securities investment trust enterprise managing the securities investment trust fund has any of the conditions under Article 96, paragraph 1 of the Securities Investment Trust Enterprises Act;
四、價格波動過度劇烈。
4.Where the price fluctuation is too drastic;
五、受益權過度集中。
5.Where the ownership of beneficiary interests is over-centralized;
六、成交量過度異常。
6.Where the trading volume is excessively abnormal; or
七、其他不適宜繼續融資融券交易之情事。
7.Where there is any other event for which continued margin purchase or short sale transaction is improper.
依前項暫停融資融券交易或調整融資比率、融券保證金成數者，於暫停或調整原因消滅時，由證券交易所公告恢復，並報本會備查。
Where margin purchase or short sale transaction is suspended or margin purchase ratio or percentage of margin of short sale is adjusted in accordance with the provisions in the preceding Paragraph, if the reason for suspension or adjustment no longer exists, the stock exchange shall make public announcement of the reinstatement and report to the FSC for recordation.
前二項規定之具體認定標準及作業程序，由證券交易所擬訂，並報本會核定。
The concrete determination standards and operational procedures of the provisions referred to in the Items of the preceding two Paragraphs shall be prescribed by the stock exchange and approved by the FSC.