Page 35 - 臺灣證券交易所2024年報

IV Strengthening Operational Resilience and Promoting Market Mechanisms 1. Optimize Settlement Efficiency to Facilitate Trading (1) To evaluate the shortening of the settlement cycle in Taiwan’s securities market, the TWSE has compiled information regarding peripheral units’ work items and timelines, plus collected feedback from market participants through interviews and questionnaires as an important reference for subsequent strategic planning together with decision- making. (2) In order to improve operational processes, reduce the costs associated with settlements between securities firms and custodian institutions, as well as enhance the overall efficiency of utilization of market funds, custodian institutions are now permitted to conduct settlement with securities firms based on the net amount offset by the total buy and sell amounts for all transactions. In addition, policies have been relaxed so that overseas Chinese and foreign investors can deposit securities advance payment certificates in a custodian institution; there were 20 securities firms that have already adopted this policy, which has significantly reduced costs and improved convenience. Furthermore, to enhance the efficiency of foreign investments in the Taiwan capital market, it was announced on August 26, 2024, that offshore overseas Chinese and foreign investors can appoint more than one custodian institution, effective from February 24, 2025. 2. Comprehensive Information Security Upgrade for Digital Transformation (1) The TWSE first certified for ISO 27001/BS 7799 information security management system in 2004, and has since continued to augment our overall information security maturity and that of the whole market. In June 2024, the TWSE transitioned to and was re-certified for ISO 27001:2022. 2024 營業報告書 33