Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 16
A Taiwan-area securities firm that meets the conditions of each of the following subparagraphs may apply to the competent authority for permission for equity investment by the securities firm itself or a third-region subsidiary in a securities company, securities investment fund management company, or futures company in the Mainland Area:1. The net worth of the firm stated in the financial report for the most recent period, audited and attested or reviewed by a CPA, is greater than NT$7 billion along with a net worth per share no lower than par value.2. The firm during the preceding 3 months has received no disposition pursuant to Article 66, subparagraph 1 of the Securities and Exchange Act, Article 103, subparagraph 1 of the Securities Investment Trust and Consulting Act, Article 100, subparagraph 1 of the Futures Trading Act, or three or more orders for corrective action or improvement within a specified deadline as prescribed in Article 44 of the Trust Enterprise Act.3. The firm has received no disposition in the preceding half year pursuant to Article 66, subparagraph 2 of the Securities and Exchange Act, Article 103, subparagraphs 2 and 3 of the Securities Investment Trust and Consulting Act, Article 100, subparagraph 2 of the Futures Trading Act, or Article 44, subparagraph 1 of the Trust Enterprise Act.4. The firm has received no disposition in the preceding year pursuant to Article 66, subparagraph 3 of the Securities and Exchange Act, Article 103, subparagraph 4 of the Securities Investment Trust and Consulting Act, Article 100, subparagraph 3 of the Futures Trading Act, or Article 44, subparagraph 2 of the Trust Enterprise Act.5. The firm has received no disposition in the preceding 2 years pursuant to Article 66, subparagraph 4 of the Securities and Exchange Act, Article 103, subparagraph 5 of the Securities Investment Trust and Consulting Act, Article 100, subparagraph 4 of the Futures Trading Act, or Article 44, subparagraph 3 of the Trust Enterprise Act.6. The firm has received no disposition within the preceding year pursuant to the articles of incorporation of the Taiwan Stock Exchange, the Taipei Exchange, the Taiwan Futures Exchange , or a futures clearing house requiring it to suspend or restrict trading activities.7. The firm had a regulatory capital adequacy ratio above 200 percent for the preceding 3 months. However, this requirement does not apply if special-case approval has been obtained due to special needs.A Taiwan-area securities firm that does not meet the conditions of subparagraphs 2 through 6 of the preceding paragraph but that has made concrete improvement in the circumstances of its non-compliance and has received approval from the competent authority is not subject to the restrictions of those subparagraphs.
中文原文 臺灣地區與大陸地區證券期貨業務往來及投資許可管理辦法第16條
臺灣地區證券商符合下列各款規定者，得向主管機關申請許可，由臺灣地區證券商或其第三地區子公司，在大陸地區參股投資證券公司、證券投資基金管理公司或期貨公司：
一、最近期經會計師查核或核閱之財務報告淨值高於新臺幣七十億元，且每股淨值不低於面額。
二、最近三個月未受證券交易法第六十六條第一款、證券投資信託及顧問法第一百零三條第一款、期貨交易法第一百條第一款或信託業法第四十四條所定糾正、限期改善三次以上之處分。
三、最近半年未受證券交易法第六十六條第二款、證券投資信託及顧問法第一百零三條第二款及第三款、期貨交易法第一百條第二款或信託業法第四十四條第一款之處分。
四、最近一年未受證券交易法第六十六條第三款、證券投資信託及顧問法第一百零三條第四款、期貨交易法第一百條第三款或信託業法第四十四條第二款之處分。
五、最近二年未受證券交易法第六十六條第四款、證券投資信託及顧問法第一百零三條第五款、期貨交易法第一百條第四款或信託業法第四十四條第三款之處分。
六、最近一年未經證券交易所、證券櫃檯買賣中心、期貨交易所或期貨結算機構依其章則處以停止或限制買賣之處置。
七、最近三個月自有資本適足比率高於百分之二百。
但有特殊需要經專案核准者，不在此限。
臺灣地區證券商不符合前項第二款至第六款規定，其違法情事已具體改善並經主管機關認可者，得不受其限制。
一、最近期經會計師查核或核閱之財務報告淨值高於新臺幣七十億元，且每股淨值不低於面額。
二、最近三個月未受證券交易法第六十六條第一款、證券投資信託及顧問法第一百零三條第一款、期貨交易法第一百條第一款或信託業法第四十四條所定糾正、限期改善三次以上之處分。
三、最近半年未受證券交易法第六十六條第二款、證券投資信託及顧問法第一百零三條第二款及第三款、期貨交易法第一百條第二款或信託業法第四十四條第一款之處分。
四、最近一年未受證券交易法第六十六條第三款、證券投資信託及顧問法第一百零三條第四款、期貨交易法第一百條第三款或信託業法第四十四條第二款之處分。
五、最近二年未受證券交易法第六十六條第四款、證券投資信託及顧問法第一百零三條第五款、期貨交易法第一百條第四款或信託業法第四十四條第三款之處分。
六、最近一年未經證券交易所、證券櫃檯買賣中心、期貨交易所或期貨結算機構依其章則處以停止或限制買賣之處置。
七、最近三個月自有資本適足比率高於百分之二百。
但有特殊需要經專案核准者，不在此限。
臺灣地區證券商不符合前項第二款至第六款規定，其違法情事已具體改善並經主管機關認可者，得不受其限制。