Standards Governing the Establishment of Securities Investment Consulting Enterprises Article 14

A foreign securities broker or a foreign futures broker may, upon the head office's approval and issuance of a written statement declaring that it is permitted to operate securities investment consulting business in the home country, apply for concurrent operation of a SICE that conducts securities investment consulting business, to be conducted by a branch unit it establishes within the territory of the Republic of China.Except as otherwise stated in the SITC Act, the Securities and Exchange Act, the Futures Trading Act, or any other applicable law, the provisions of Article 10, Article 11 up to the preceding Article, Article 40, and Chapter V, "Supplementary Provisions," shall apply mutatis mutandis with respect to a foreign securities broker or foreign futures broker applying for concurrent operation of a SICE that conducts securities investment consulting business by a branch unit it establishes within the territory of the Republic of China.A foreign securities broker or foreign futures broker applying for concurrent operation of a SICE that conducts securities investment consulting business by a branch unit established within the territory of the Republic of China shall in the application submit a letter of authorization designating the agent who is to file the application for such concurrent business operation.