Standards Governing the Establishment of Futures Exchanges Article 5

A promoter of a membership type futures exchange shall deposit NT$200,000,000 (" the Deposit") with the financial institution designated by this Commission upon the submission of its application for the permission of establishment. The Deposit may be substituted by government bond or other financial bonds.The financial institution referred to in the preceding paragraph must be a bank approved by this Commission to engage in custodian business.In case where the permission for establishment is granted, the Deposit may not be used until the completion of the registration as a juristic person. This Commission will inform those applicants who withdraw the application themselves, whose application have been rejected or where permits were revoked to withdraw the Deposit, and there may not be separate custody, reporting of losses, or cancellation of contract. No encumbrance may be created on the objects deposited or certificate of deposit, and without the approval of this Commission, no withdrawals or replacemnets may be made.