Standards Governing the Establishment of Futures Commission Merchants Article 47

A futures commission merchant applying for issuance of a business license shall pay a license fee in accordance with the following guidelines:1. Where the applicant is applying for establishment of a domestic futures commission merchant or to add additional types of business, the license fee shall be one four-thousandth of the minimum capital requirement.2. Where the applicant is applying for establishment of foreign futures commission merchant, or for concurrent operation of futures business by a foreign securities firm or foreign financial institution, or to add additional types of business, the license fee shall be one four-thousandth of its required capital allocation for operations in the territory of the ROC.3. Where a domestic financial institution is applying to concurrently operate futures business, or to add additional types of business, the license fee shall be one-four thousandth of its required allocation of exclusively earmarked operating capital.4. Where a domestic futures commission merchant is applying to establish branch offices, the license fee shall be 3,000 New Taiwan Dollars.5. Where a domestic securities firm applies to concurrently operate futures business, or to add additional types of business, the license fee shall be one-four thousandth of its required allocation of exclusively earmarked operating capital.6. Where another type of enterprise is applying to establish branch offices concurrently operating futures business, the license fee shall be 3,000 New Taiwan Dollars.Futures commission merchants shall pay a license fee of 1,500 New Taiwan Dollars when applying to the FSC for a replacement license. In the event an application for replacement license is necessitated by a redrawing of the boundaries of administrative districts, or by address renumbering, the license fee shall be waived.