Page 67 - 臺灣證券交易所2024年報

(2) Evaluate feasibility of T+1 trading settlement system The TWSE has studied the T+1 trading settlement system of major securities markets and gathered extensive feedback from market participants to conduct a comprehensive cost-benefit analysis. The assessment report on the implementation of the T+1 trading settlement system is expected to be published in 2025. Concurrently, a settlement cycle taskforce comprising peripheral units and industry representatives continues to refine measures and create a favorable market environment through the following four directions: strengthen the securities lending mechanism, optimize clearing and settlement, enhance payment options of securities firms, and reduce foreign settlement costs. (3) Expand the scope of employee stock ownership trusts Employee stock ownership trusts aim to reward a company’s employees, foster a friendly corporate environment, and boost employee morale. The TWSE is studying the feasibility of allowing overseas and foreign employees of listed companies to participate in domestic employee stock ownership trusts, so as to facilitate the talent development strategies of issuing companies. 2. Expand Securities Business to Enhance Wealth Management Competitiveness (1) Strengthening sub-brokerage services To enhance the safety of investors’ assets and provide flexibility for securities firms to engage in cross-border custody for sub-brokerage, the FSC amended regulations to allow securities firms to entrust the TDCC with the custody of foreign securities. With the feedback from Taiwan Securities Association and industry members, the TWSE and TDCC will propose draft amendments to regulations on sub-brokerage services, which will facilitate the FSC in allowing sub-brokerage of foreign currency financing while thoroughly ensuring risk management and protection of investors’ rights and interests. 2024 營業報告書 65