On February 26, 2016, the FSC issued a ruling (Ref. No.: Jin-Guan-Cheng-Tou-Zi- 1050006600) regarding Article 61 of the Securities and Exchange Act, amending the minimum margin percentage of listed and OTC-listed securities required for margin purchases and short sales. The percentage is reduced from 120% to 90%. The ruling has been in force since March 1, 2016.