Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities Article 5
Except as otherwise provided by the FSC, a securities firm brokering trades in foreign securities shall carry out the trades on foreign securities exchanges or foreign over-the-counter (OTC) markets designated by the FSC.The "foreign securities exchanges" of the preceding paragraph means any organized market for securities trading subject to the management of the competent securities authority of the given country; "foreign OTC markets" means the places of business of financial institutions that are subject to the competent securities authority of the given country and that are permitted to operate securities business.A securities firm that operates the business of brokering trades of securities that are traded on foreign securities exchanges shall additionally possess the following qualifications:1. The company itself, its subsidiaries, branch offices, or other financial institutions with which it has an equity investment relationship have the qualifications of membership or for trading on a foreign securities exchange designated by the FSC.2. Transmission facilities capable of obtaining real-time investment information and information necessary for brokerage trading in the foreign securities exchange referred to in the preceding subparagraph.A securities firm that lacks the qualifications of subparagraph 1 of the preceding paragraph may directly or indirectly authorize a financial institution of the preceding paragraph that possesses membership or trading qualifications on a foreign securities exchange designated by the FSC to carry out trades of the securities traded on the foreign securities exchange designated by the FSC.The "equity investment relationship" of paragraph 3, subparagraph 1 shall mean a relationship in which shareholdings exceed 20 percent of the outstanding shares of any party.Operating regulations for securities firms brokering trades of foreign securities will be drafted by the securities dealers association and submitted by letter to the FSC for approval.
中文原文 證券商受託買賣外國有價證券管理規則第5條
證券商受託買賣外國有價證券，除本會另有規定外，應於本會指定之外國證券交易所或外國店頭市場為之。
前項所稱外國證券交易所，係指任何有組織且受該國證券主管機關管理之證券交易市場；所稱外國店頭市場，係指受該國證券主管機關管理且得經營證券業務之金融機構營業處所。
證券商經營受託買賣於外國證券交易所交易之有價證券業務，應另具備下列條件：
一、本公司或其子公司、分公司、或與其具轉投資關係之金融機構，具有本會指定外國證券交易所之會員或交易資格。
二、具有即時取得前款外國證券交易所之投資資訊及受託買賣之必要資訊傳輸設備。
證券商未具前項第一款條件者，得以直接或間接方式委託前項具本會指定外國證券交易所會員或交易資格之金融機構，買賣於本會指定外國證券交易所交易之外國有價證券。
第三項第一款所稱之轉投資關係指持股超過任一方股份總額之百分之二十以上者。
證券商受託買賣外國有價證券之作業辦法，由證券商同業公會擬訂後函報本會核定。
前項所稱外國證券交易所，係指任何有組織且受該國證券主管機關管理之證券交易市場；所稱外國店頭市場，係指受該國證券主管機關管理且得經營證券業務之金融機構營業處所。
證券商經營受託買賣於外國證券交易所交易之有價證券業務，應另具備下列條件：
一、本公司或其子公司、分公司、或與其具轉投資關係之金融機構，具有本會指定外國證券交易所之會員或交易資格。
二、具有即時取得前款外國證券交易所之投資資訊及受託買賣之必要資訊傳輸設備。
證券商未具前項第一款條件者，得以直接或間接方式委託前項具本會指定外國證券交易所會員或交易資格之金融機構，買賣於本會指定外國證券交易所交易之外國有價證券。
第三項第一款所稱之轉投資關係指持股超過任一方股份總額之百分之二十以上者。
證券商受託買賣外國有價證券之作業辦法，由證券商同業公會擬訂後函報本會核定。