Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 24-6

After a Taiwan-area securities firm or its third-region subsidiary has invested in a Mainland-area securities or futures institution subsidiary in the Mainland Area, provided that the Taiwan-area securities firm as not received any material disposition or sanction, or has received a material disposition or sanction but the circumstances of its violation have been concretely improved and the improvement has been recognized by the competent authority, the Taiwan-area securities firm may apply to the competent authority for permission to additionally establish branch offices of that Mainland-area securities or futures institution subsidiary.To additionally establish a branch office of a Mainland-area securities or futures institution subsidiary, a Taiwan-area securities firm shall apply to the competent authority for permission and submit the following documents:1. An application form.2. A business plan.3. Minutes of the relevant directors meeting.4. The Mainland-area securities or futures institution subsidiary's financial report for the most recent period, audited by a CPA, and its regulatory compliance status.5. Provisions for internal control and internal audit systems, operational management, and performance appraisal of the Mainland-area securities or futures institution subsidiary.6. Other information or documents required to be submitted pursuant to regulations of the competent authority.