Regulations Governing the Operation of Securities Introducing Broker Business by Futures Commission Merchants Article 8

A securities introducing broker may concurrently accept mandates from one or more securities firms; a securities firm may concurrently mandate one or more securities introducing brokers.Each time that a mandated securities introducing broker enters into a mandate contract with the mandating securities firm of the preceding paragraph and commences business, the mandating securities firm shall first make respective contributions to the clearing and settlement fund of the TWSE and the settlement fund of the GTSM.The amount of the contributions to the clearing and settlement fund and the settlement fund of the preceding paragraph is NT$3 million for each securities introducing broker. However, from the first year after a securities introducing broker enters into a mandate contract with a securities firm and commences the business, the amount that the securities firm is required to contribute to the clearing and settlement fund and the settlement fund, with respect to each securities introducing broker, shall be reduced to NT$2 million, and prior to the end of January of each year, the mandating securities firm shall make a deposit with the TWSE and GTSM for any shortfall in contributions, or in the event of a surplus, a withdrawal.