Regulations Governing Offshore Funds Article 10
A master agent other than one handling the offering and sale of offshore ETFs in Taiwan shall post an operating bond as specified below with a financial institution that is permitted to provide custodian services, and meets the conditions prescribed by the FSC:1. Where the master agent represents funds managed by one offshore fund manager, NT$30,000,000;2. Where the master agent represents funds managed by two offshore fund managers, NT$50,000,000;3. Where the master agent represents funds managed by three offshore fund managers, NT$70,000,000.4. Where the master agent represents funds managed by four offshore fund managers, NT$90,000,000;5. Where the master agent represents funds managed by five offshore fund managers, NT$110,000,000.Except for investments in offshore funds through a non-discretionary trust of money agreement, where a sub-distributor purchases offshore funds in its own name on behalf of investors, the sub-distributor shall post an operating bond of NT$20,000,000 with a financial institution meeting the qualification in the preceding paragraph.The operating bonds under the preceding two paragraphs shall be in cash, bank deposits, government bonds, or financial bonds, shall be free of any pledge or any form of encumbrance, and shall be placed with only one financial institution. Any change of the custodian institution or withdrawal of an operating bond may proceed only after it has been reported to the FSC via the SITCA and approved by the FSC.Directions for the procedures for deposit, withdrawal, and substitution of operating bonds, and any subsequent amendments thereto, shall be prescribed by the SITCA and submitted to the FSC for approval.In the calculation of the number of offshore fund managers under paragraph 1, if multiple offshore fund managers represented by the master agent are enterprises of the same corporate group, they will be deemed one offshore fund manager.In these Regulations, the term "member of the same corporate group" means a holding company to which a fund manager belongs that has shareholdings in excess of 50 percent in the fund manager, or a subsidiary in which the fund manager has shareholdings in excess of 50 percent, or another subsidiary belonging to the same holding company in which the holding company has shareholdings in excess of 50 percent.Any master agent that, before the enforcement of the 28 December 2022 amendment to these Regulations, already represents funds managed by four or more offshore fund managers shall make up in full the amount of operating bond required under paragraph 1 within 3 months from the date of enforcement of the amendment.
中文原文 境外基金管理辦法第10條
總代理人除在國內代理境外指數股票型基金之募集及銷售者外，應依下列規定，向得辦理保管業務，並符合本會所定條件之金融機構提存營業保證金：
一、擔任一家境外基金管理機構所管理之基金時，應提存新臺幣三千萬元。
二、擔任二家境外基金管理機構所管理之基金時，應提存新臺幣五千萬元。
三、擔任三家境外基金管理機構所管理之基金時，應提存新臺幣七千萬元。
四、擔任四家境外基金管理機構所管理之基金時，應提存新臺幣九千萬元。
五、擔任五家境外基金管理機構所管理之基金時，應提存新臺幣一億一千萬元。
銷售機構以自己名義為投資人向總代理人申購境外基金者，除依特定金錢信託契約受託投資境外基金者外，應向符合前項規定之金融機構提存營業保證金新臺幣二千萬元。
前二項之營業保證金應以現金、銀行存款、政府債券或金融債券提存，不得設定質權或以任何方式提供擔保，且不得分散提存於不同金融機構；提存金融機構之更換或營業保證金之提取，應經同業公會轉報本會核准後始得為之。
營業保證金之提存、領取及更換等程序，由同業公會擬訂要點，報經本會核定；修正時，亦同。
第一項境外基金管理機構家數之計算，如總代理人擔任多家境外基金管理機構屬同一集團企業，視為一家。
本辦法所稱集團企業指該基金管理機構所屬持股逾百分之五十之控股公司，或持股逾百分之五十之子公司，或屬同一控股公司持股逾百分之五十之子公司。
本辦法中華民國一百十一年十二月二十八日修正施行前，總代理人已擔任四家以上境外基金管理機構所管理之基金者，應於修正施行之日起三個月內補足第一項營業保證金。
一、擔任一家境外基金管理機構所管理之基金時，應提存新臺幣三千萬元。
二、擔任二家境外基金管理機構所管理之基金時，應提存新臺幣五千萬元。
三、擔任三家境外基金管理機構所管理之基金時，應提存新臺幣七千萬元。
四、擔任四家境外基金管理機構所管理之基金時，應提存新臺幣九千萬元。
五、擔任五家境外基金管理機構所管理之基金時，應提存新臺幣一億一千萬元。
銷售機構以自己名義為投資人向總代理人申購境外基金者，除依特定金錢信託契約受託投資境外基金者外，應向符合前項規定之金融機構提存營業保證金新臺幣二千萬元。
前二項之營業保證金應以現金、銀行存款、政府債券或金融債券提存，不得設定質權或以任何方式提供擔保，且不得分散提存於不同金融機構；提存金融機構之更換或營業保證金之提取，應經同業公會轉報本會核准後始得為之。
營業保證金之提存、領取及更換等程序，由同業公會擬訂要點，報經本會核定；修正時，亦同。
第一項境外基金管理機構家數之計算，如總代理人擔任多家境外基金管理機構屬同一集團企業，視為一家。
本辦法所稱集團企業指該基金管理機構所屬持股逾百分之五十之控股公司，或持股逾百分之五十之子公司，或屬同一控股公司持股逾百分之五十之子公司。
本辦法中華民國一百十一年十二月二十八日修正施行前，總代理人已擔任四家以上境外基金管理機構所管理之基金者，應於修正施行之日起三個月內補足第一項營業保證金。