Regulations Governing Securities Investment Consulting Enterprises (Originally Adopted 2004.10.30) Article 20
Those operating foreign securities investment consulting business shall conform with each of the following requirements:1. The CPA-audited and attested financial report for the preceding period shall show a net worth per share not lower than par value. However, this restriction shall not apply if a SICE has obtained its business license for less than 1 full fiscal year or, in the case of a trust enterprise concurrently operated by a bank whose regulatory capital to risk-weighted assets for the most recent year satisfies the provisions of Article 5 of the Regulations Governing the Capital Adequacy and Capital Category of Banks.2. The enterprise shall not have been subject to any disposition within the preceding 2 years under Article 103, subparagraphs 2 through 5 of the Act, Article 66, subparagraphs 2 through 4 of the Securities and Exchange Act, Article 100, subparagraphs 2 through 4 of the Futures Trading Act, or Article 44, subparagraphs 1 to 3 of the Trust Enterprise Act. This provision shall not apply, however, when there has been concrete improvement of the circumstances of its violation and the remediation has been recognized by the competent authority.3. The internal control system or internal management system for the operation of foreign securities investment consulting business has been established, and sufficient, qualified associated persons and internal auditors have been appointed.4. The enterprise’s on-site facilities shall conform to SITCA regulations.Those operating securities investment consulting business for foreign securities other than offshore funds shall conform to one of the following requirements in addition to those of the preceding paragraph:1. The securities firms and their subsidiaries and branch units which have signed cooperation contracts with the enterprise shall possess member status or trading qualification status in FSC-designated foreign securities exchanges.2. The cooperating securities investment consulting companies shall have a CPA audited and attested total net value of managed assets greater than 1 billion US dollars or the equivalent in foreign currency.3. The enterprise shall have paid-in capital of NT$50 million or more, and information equipment and sufficient and qualified personnel to obtain real-time investment research information relating to foreign securities.
中文原文 證券投資顧問事業管理規則（931030訂定）第20條
經營外國有價證券投資顧問業務者，應符合下列各款之規定：
一、最近期經會計師查核簽證之財務報告每股淨值不低於面額。
但證券投資顧問事業取得營業執照未滿一個完整會計年度者，或信託業由銀行兼營者，其最近一年自有資本與風險性資產之比率符合銀行資本適足性及資本等級管理辦法第五條規定者，不在此限。
二、最近二年未受本法第一百零三條第二款至第五款、證券交易法第六十六條第二款至第四款、期貨交易法第一百條第二款至第四款或信託業法第四十四條第一款至第三款規定之處分者。
但其違法情事已具體改善並經本會認可者，不在此限。
三、已訂定經營外國有價證券投資顧問業務之內部控制制度或內部管理制度，並配置適足與適任之業務人員及內部稽核人員。
四、場地設備應符合同業公會之規定。
經營境外基金以外之外國有價證券投資顧問業務，除符合前項規定外，並應符合下列各款規定之一：
一、與其簽訂合作契約之證券商，其本公司、子公司、或分公司具本會指定外國證券交易所會員或交易資格者。
二、合作之證券投資顧問公司經會計師簽證之管理資產總淨值超過十億美元或等值外幣者。
三、實收資本額達新臺幣五千萬元以上，具有即時取得外國有價證券投資研究相關之資訊設備及適足與適任之人員者。
一、最近期經會計師查核簽證之財務報告每股淨值不低於面額。
但證券投資顧問事業取得營業執照未滿一個完整會計年度者，或信託業由銀行兼營者，其最近一年自有資本與風險性資產之比率符合銀行資本適足性及資本等級管理辦法第五條規定者，不在此限。
二、最近二年未受本法第一百零三條第二款至第五款、證券交易法第六十六條第二款至第四款、期貨交易法第一百條第二款至第四款或信託業法第四十四條第一款至第三款規定之處分者。
但其違法情事已具體改善並經本會認可者，不在此限。
三、已訂定經營外國有價證券投資顧問業務之內部控制制度或內部管理制度，並配置適足與適任之業務人員及內部稽核人員。
四、場地設備應符合同業公會之規定。
經營境外基金以外之外國有價證券投資顧問業務，除符合前項規定外，並應符合下列各款規定之一：
一、與其簽訂合作契約之證券商，其本公司、子公司、或分公司具本會指定外國證券交易所會員或交易資格者。
二、合作之證券投資顧問公司經會計師簽證之管理資產總淨值超過十億美元或等值外幣者。
三、實收資本額達新臺幣五千萬元以上，具有即時取得外國有價證券投資研究相關之資訊設備及適足與適任之人員者。