Regulations Governing Permission and Administration of Securities and Futures Business Dealings and Investment Between the Taiwan Area and the Mainland Area Article 46

When due to a change in equity ownership structure, a third-region securities or futures institution that has established a representative office in the Taiwan Area becomes a Mainland-invested securities or futures institution, it shall apply to the competent authority for permission with related documentation, and state the following matters:1. The reasons for the change in equity ownership structure, and the status subsequent to the change.2. The names and shareholding ratios or capital contributions of Mainland-area investors.3. The directors directly or indirectly selected or appointed by Mainland-area investors, and their number.4. Its future operating strategy for the Taiwan Area, including its planned measures for response if the competent authority does not grant permission.5. Other matters for which the competent authority may require explanation.If the securities or futures institution of the preceding paragraph receives permission, its representative office in the Taiwan Area shall be managed in accordance with the provisions of these Regulations, and it may not apply for the establishment of any additional representative office.If the application of paragraph 1 is not permitted by the competent authority, the competent authority shall void or revoke the permission for establishment of a representative office in the Taiwan Area by the securities or futures institution.