Standards Governing the Establishment of Managed Futures Enterprises Article 11

The promoters shall deposit a sum of NT$25 million in a financial institution designated by the competent authority when an application for the establishment of a managed futures enterprise is approved.The financial institution referred to in the preceding paragraph shall be a bank that is approved by the competent authority for custodial business, and meets the conditions prescribed by the competent authority.The deposit referred to in the preceding paragraph may be in the form of domestic government bonds or securities with a credit rating of a certain grade or higher issued by a credit rating institution approved or recognized by the competent authority.The amount deposited pursuant to Paragraph 1 may be utilized only upon receipt of the approval for establishment and after completion of incorporation and deposit of the operating bond; where the establishment approval is not granted or is revoked or voided, the competent authority will give notice that the deposit may be withdrawn.