Standards Governing the Establishment of Futures Commission Merchants Article 10

The promoters of a futures commission merchant shall, upon application for establishment approval, deposit the following amounts with a financial institution designated by the FSC:1. futures brokerage merchants: 50 million New Taiwan Dollars.2. futures proprietary merchants: 10 million New Taiwan DollarsWhere a futures commission merchant applying for establishment approval also applies at the same time for the establishment of branch offices, the deposit amount in the preceding paragraph shall be increased by 10 million New Taiwan Dollars for each branch to be established.The deposited amount referred in the preceding two paragraphs may be provided in the form of government bonds or financial bonds."Financial institution" as referred to in paragraph 1 shall mean those banks approved by the FSC to engage in custodial business, and which also meet the conditions prescribed by the FSC.The deposited amount referred to in paragraph 1 shall not be utilized until after the approval for the establishment of, the completion of incorporation registration, and the deposit of the operating bond. Where establishment approval is not granted or is revoked or invalidated, the FSC shall issue a notice for withdrawal of the deposit.