Regulations Governing Securities Investment and Futures Trading in Taiwan by Mainland Area Investors Article 37

The sale of overseas stocks pursuant to Article 32 by an Institutional Investor is deemed an inward remittance of investment capital. The depositary institution shall record it in the account books referred to in Article 21, and within five days shall report it to the competent authority for foreign exchange business, and at the same time shall provide the information to the TWSE for registration.The amount of an inward remittance pursuant to the preceding paragraph shall be added into the calculation of the total amount of investments made in Taiwan securities by the investor.