Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 24-1
A Taiwan-area securities firm that meets the conditions of each of the following subparagraphs may apply to the competent authority for permission for investment by the Taiwan-area securities firm or its third-region subsidiary in a securities subsidiary, securities investment fund management subsidiary, or futures subsidiary in the Mainland Area:1. Its net worth stated in the financial report for the most recent period, audited or reviewed by a CPA, is greater than NT$10 billion, and it furthermore has net worth per share no lower than par value.2. It simultaneously operates securities brokerage, underwriting, and proprietary trading business.3. It is legally compliant, soundly operating, and has not received any material disposition or sanction, or has received a material disposition or sanction but the circumstances of the violation have been concretely improved and the improvement has been recognized by the competent authority.4. It had a regulatory capital adequacy ratio above 200 percent for the most recent year.5. It has professional experience in international securities or futures business.When a Taiwan-area securities firm submits an application under the preceding paragraph, it may simultaneously apply for the establishment by that subsidiary of a branch office. The establishment of that branch office shall be completed within 1 year counting from the date of the permission by the competent authority. If it has not been established by that time, the competent authority may revoke its permission.
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24-1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，在大陸地區投資證券子公司、證券投資基金管理子公司或期貨子公司：
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一百億元，且每股淨值不低於面額。
二、同時經營有價證券經紀、承銷及自營業務。
三、守法、健全經營，且未受重大處分或處置，或受重大處分或處置而其違法情事已具體改善並經主管機關認可。
四、最近一年自有資本適足比率高於百分之二百。
五、具備國際證券、期貨業務專業經驗。
臺灣地區證券商依前項規定提出申請時，得同時申請該子公司設立分公司；該分公司應於主管機關許可之日起算一年內完成設立，屆期未設立者，主管機關得廢止其許可。
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一百億元，且每股淨值不低於面額。
二、同時經營有價證券經紀、承銷及自營業務。
三、守法、健全經營，且未受重大處分或處置，或受重大處分或處置而其違法情事已具體改善並經主管機關認可。
四、最近一年自有資本適足比率高於百分之二百。
五、具備國際證券、期貨業務專業經驗。
臺灣地區證券商依前項規定提出申請時，得同時申請該子公司設立分公司；該分公司應於主管機關許可之日起算一年內完成設立，屆期未設立者，主管機關得廢止其許可。