Standards Governing the Establishment of Futures Trust Enterprises Article 12
For operation of a futures trust enterprise, there shall be among the promoters one or more promoters that is/are a fund management institution, bank, insurance company, securities firm, futures commission merchant, or financial holding company meeting the qualifications specified below, and the combined share subscription of such qualified promoter or promoters may not be less than 20 percent of the first share issue:1.Fund management institution:A.Has been established for at least a full 3 years, and has not been sanctioned by the competent authority of its home country for any reason related to funds management during the past 3 years.B.Has experience in the management or operation of international futures fund or securities investment trust fund business.C.Among the assets managed by the institution and its controlling or subordinate institutions, the total value of fund assets of futures funds, securities investment trust funds, mutual funds, unit trusts, or investment trusts that were raised through public offering are not less than NT$65 billion.2.Bank:A.Has been established for at least a full 3 years, and has not been sanctioned by the competent authority of its home country for any reason related to funds management during the past 3 years.B.Has experience in international finance, securities, trust, or futures business.C.Has been ranked in the most recent year among the world's top 1,000 banks in either assets or net worth.3.Insurance company:A.Has been established for at least a full 3 years, and has not been sanctioned by the competent authority of its home country for any reason related to funds management during the past 3 years.B.The aggregate amount of its funds utilization reaches NT$100 billion or more.C.The CPA-audited and attested financial report for the most recent period shows a net worth per share of not less than par value.4.Securities firm:A.Has been established for at least a full 3 years, and has been operating for at least a full 3 years as a securities firm engaged in the integrated operation of securities underwriting, dealing, and brokerage business.B.Has not been sanctioned under Article 66, subparagraphs 2 to 4 of the Securities and Exchange Act, or, in the case of a foreign securities firm, has not been sanctioned by the competent authority of its home country, during the past 3 years.C.Has net worth of NT$8 billion or more, or paid-in capital of NT$6 billion or more, and net worth per share is not less than par value according to the CPA-audited and attested financial report for the most recent period.5.Futures commission merchant:A.Has been established for at least a full 3 years, and has been operating for at least a full 3 years as a future commission merchant engaged in the integrated operation of futures brokerage, dealing, and advisory business.B.Has not been sanctioned under Article 100, subparagraphs 2 to 4 of the Act, or, in the case of a foreign securities firm, has not been subject to a sanction equivalent thereto imposed by the competent authority of its home country, during the past 3 years.C.Has net worth of NT$1 billion or more, and net worth per share is not less than par value according to the CPA-audited and attested financial report for the most recent period.6.Financial holding company:A subsidiary of the financial holding company in which it controls 50% or more of the shares meets qualification requirements as set out in one of the preceding 5 subparagraphs.If a promoter meeting the qualification requirements in the preceding paragraph intends to transfer any of its shareholding in the futures trust enterprise, the futures trust enterprise shall file for recordation with the competent authority before the promoter transfers the shareholding.
中文原文 期貨信託事業設置標準第12條
經營期貨信託事業，發起人中應有符合下列資格條件之基金管理機構、銀行、保險公司、證券商、期貨商或金融控股公司，其所認股份，合計不得少於第一次發行股份之百分之二十：
一、基金管理機構：
（一）成立滿三年，且最近三年未曾因資金管理業務受其本國主管機關處分。
（二）具有管理或經營國際期貨基金或證券投資信託基金業務經驗。
（三）該機構及其控制或從屬機構所管理之資產中，以公開募集方式集資之期貨基金、證券投資信託基金、共同基金、單位信託或投資信託之基金資產總值不得少於新臺幣六百五十億元。
二、銀行：
（一）成立滿三年，且最近三年未曾因資金管理業務受其本國主管機關處分。
（二）具有國際金融、證券、信託或期貨業務經驗。
（三）最近一年於全球銀行資產或淨值排名居前一千名內。
三、保險公司：
（一）成立滿三年，且最近三年未曾因資金管理業務受其本國主管機關處分。
（二）資金運用總額達新臺幣一千億元以上。
（三）最近期經會計師查核簽證之財務報告，每股淨值不低於面額。
四、證券商：
（一）成立滿三年，並為綜合經營證券承銷、自營及經紀業務滿三年之證券商。
（二）最近三年未曾受證券交易法第六十六條第二款至第四款規定之處分；其屬外國證券商者，未曾受其本國主管機關相當於前述之處分。
（三）淨值達新臺幣八十億元或實收資本額達新臺幣六十億元以上，且最近期經會計師查核簽證之財務報告，每股淨值不低於面額。
五、期貨商：
（一）成立滿三年，並為綜合經營期貨經紀、期貨自營及期貨顧問業務滿三年之期貨商。
（二）最近三年未曾受本法第一百條第二款至第四款規定之處分；其屬外國期貨商者，未曾受其本國主管機關相當於前述之處分。
（三）淨值達新臺幣十億元以上，且最近期經會計師查核簽證之財務報告，每股淨值不低於面額。
六、金融控股公司：該公司控股百分之五十以上之子公司有符合前五款所定資格條件之一者。
符合前項資格條件之發起人轉讓持股，期貨信託事業應於發起人轉讓持股前申報主管機關備查。
一、基金管理機構：
（一）成立滿三年，且最近三年未曾因資金管理業務受其本國主管機關處分。
（二）具有管理或經營國際期貨基金或證券投資信託基金業務經驗。
（三）該機構及其控制或從屬機構所管理之資產中，以公開募集方式集資之期貨基金、證券投資信託基金、共同基金、單位信託或投資信託之基金資產總值不得少於新臺幣六百五十億元。
二、銀行：
（一）成立滿三年，且最近三年未曾因資金管理業務受其本國主管機關處分。
（二）具有國際金融、證券、信託或期貨業務經驗。
（三）最近一年於全球銀行資產或淨值排名居前一千名內。
三、保險公司：
（一）成立滿三年，且最近三年未曾因資金管理業務受其本國主管機關處分。
（二）資金運用總額達新臺幣一千億元以上。
（三）最近期經會計師查核簽證之財務報告，每股淨值不低於面額。
四、證券商：
（一）成立滿三年，並為綜合經營證券承銷、自營及經紀業務滿三年之證券商。
（二）最近三年未曾受證券交易法第六十六條第二款至第四款規定之處分；其屬外國證券商者，未曾受其本國主管機關相當於前述之處分。
（三）淨值達新臺幣八十億元或實收資本額達新臺幣六十億元以上，且最近期經會計師查核簽證之財務報告，每股淨值不低於面額。
五、期貨商：
（一）成立滿三年，並為綜合經營期貨經紀、期貨自營及期貨顧問業務滿三年之期貨商。
（二）最近三年未曾受本法第一百條第二款至第四款規定之處分；其屬外國期貨商者，未曾受其本國主管機關相當於前述之處分。
（三）淨值達新臺幣十億元以上，且最近期經會計師查核簽證之財務報告，每股淨值不低於面額。
六、金融控股公司：該公司控股百分之五十以上之子公司有符合前五款所定資格條件之一者。
符合前項資格條件之發起人轉讓持股，期貨信託事業應於發起人轉讓持股前申報主管機關備查。