Standards Governing the Establishment of Futures Clearing Houses Article 4

When applying for approval and license, the promoters of a futures clearing house shall deposit NT$200 million with a bank designated by the Financial Supervisory Commission ("this Commission"). The deposit may be in the form of government bonds or financial bonds.The financial institution of the preceding paragraph shall be a bank which has been approved by this Commission to operate custodial business.The deposit of paragraph 1 shall not be utilized until after a permit is granted and the incorporation registration is completed, and except when the application is withdrawn, approval for establishment is not granted, or the approval is voided, and this Commission notifies the applicant to retrieve the deposit, the deposit may not be separately deposited in different institutions, reported lost or rescinded. No security interest may be created on either the subject deposit or the custody receipts issued for it, and the deposit may not be withdrawn or substituted except with the consent of this Commission.