Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 28

A Mainland-area securities or futures institution or a Mainland-invested securities or futures institution, within 6 months from the day it receives the competent authority's permission to establish a representative office, shall apply to the Ministry of Economic Affairs for permission in accordance with the provisions of the Act . Prior to the date of establishment, it shall submit a letter reporting the date of establishment and the address of its representative office, along with a photocopy of the Ministry of Economic Affairs' permission document, for recordation by the competent authority and the Ministry of Economic Affairs. The competent authority may revoke its permission if these steps have not been completed by the prescribed date.The competent authority shall be immediately notified after the representative office has been established, and the representative office shall comply with the following provisions:1. Any occurrence of a major contingent event or fraudulent practice at the representative office shall be handled and reported in accordance with the regulations of the competent authority.2. Full and accurately updates shall be provided for any change in the relevant information on the representative office reported through the competent authority's designated information reporting website.3. Prior to a change in representatives, documentation of a new representative's compliance with the provisions of Article 25, paragraph 3 shall be submitted to the competent authority for permission.4. A change in the representative office's location or the office's closure shall be reported to the competent authority in advance for permission.