Standards Governing the Establishment of Futures Trust Enterprises Article 15

When applying for permission to establish a futures trust enterprise, the promoter shall deposit NT$25 million in the financial institution designated by the competent authority.The financial institution in the preceding paragraph shall be a bank that is approved by the competent authority to operate custody business, and meets the conditions prescribed by the competent authority.The funds deposited under paragraph 1 may be substituted for by government bonds or securities having a credit rating at or above a prescribed level by a credit rating organization approved or recognized by the competent authority.After permission has been granted for establishment of the enterprise, the funds under paragraph 1 may be used only after the enterprise has completed incorporation registration and posted an operating bond. If permission for establishment is not granted, or the permission is voided or revoked, the competent authority shall notify the enterprise to reclaim the funds.