Regulations Governing Securities Investment and Futures Trading in Taiwan by Mainland Area Investors Article 39

An Institutional Investor that engages in futures trading shall have its agent in the Taiwan area apply to open a foreign exchange deposit account for futures trading. The agent designated to open the account must be a futures commission merchant or financial institution in the Taiwan area.The foreign exchange deposit account for futures trading referred to in the preceding paragraph shall be opened at a financial institution in the Taiwan area under the name of a custody account maintained by a custodian institution. However, in the case of an Institutional Investor that engages solely in futures trading and does not perform physical delivery, the foreign exchange deposit account for futures trading may be opened in the investor's own name, or the investor may be exempted from opening that account by instead using its offshore deposit account to carry out fund transfer operations for futures trades.An Institutional Investor that has already invested in securities pursuant to these Regulations may use its NT Dollar securities trading account to purchase foreign currencies to engage in futures trading.Foreign currencies specified in the preceding paragraph and Article 41 is limited to foreign currencies accepted by the TAIFEX, and the requirements of the TAIFEX regarding collection and payment of margins shall be complied with.