Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 18
A Taiwan-area FCM that meets the conditions of each of the following subparagraphs may apply to the competent authority for permission for the FCM itself or a third-region subsidiary to make equity investment in a Mainland-area futures company:1. The FCM has a net worth per share no lower than par value as stated in the CPA audited and attested or CPA reviewed financial report for the most recent period.2. The FCM has received no disposition during the preceding 3 months pursuant to Article 66, subparagraph 1 of the Securities and Exchange Act, Article 103, subparagraph 1 of the Securities Investment Trust and Consulting Act, or Article 100, subparagraph 1 of the Futures Trading Act.3. The FCM has received no disposition during 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, or Article 100, subparagraph 2 of the Futures Trading Act.4. The FCM has received no disposition during 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, or Article 100, subparagraph 3 of the Futures Trading Act.5. The FCM has received no disposition during 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, or Article 100, subparagraph 4 of the Futures Trading Act.6. The FCM has received no disposition during the preceding year pursuant to the bylaws of the Taiwan Stock Exchange, the Taipei Exchange, the Taiwan Futures Exchange, or a futures clearing house requiring it to suspend or restrict its trading activities.7. The FCM had average adjusted net capital for the preceding 3 months of not less than 40 percent of the total amount of margin deposits required for futures traders' open positions.A Taiwan-region FCM 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 will not be subject to the provisions 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18條
臺灣地區期貨商符合下列各款規定者，得向主管機關申請許可，由臺灣地區期貨商或其第三地區子公司，在大陸地區參股投資期貨公司：
一、最近期經會計師查核或核閱之財務報告，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，或期貨交易法第一百條第一款之處分。
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，或期貨交易法第一百條第二款之處分。
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、最近三個月平均調整後淨資本額不少於期貨交易人未沖銷部位所需之客戶保證金總額百分之四十。
臺灣地區期貨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，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，或期貨交易法第一百條第一款之處分。
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，或期貨交易法第一百條第二款之處分。
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、最近三個月平均調整後淨資本額不少於期貨交易人未沖銷部位所需之客戶保證金總額百分之四十。
臺灣地區期貨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。