Regulations Governing Responsible Persons and Associated Persons of Securities Firms Article 8

In a securities firm, qualification as a senior agent shall be required for the supervisory personnel of departments engaged in underwriting, proprietary trading, brokerage trading, clearing and settlement, internal auditing, shareholder services, and financial affairs. In a branch office or simple branch office of a securities firm, qualification as a senior agent shall be required for its responsible persons and the supervisory personnel of the brokerage trading and clearing and settlement departments. As an exception to the above, in a securities firm concurrently operated by a financial institution, separate provisions of the FSC may be followed with respect to the supervisory personnel of the internal auditing department and financial affairs department.In a foreign securities firm's branch office within the ROC, with the exception of its responsible persons and the supervisory personnel of its financial affairs and shareholder services departments, qualification as a senior agent shall be required for the supervisory personnel of departments engaged in underwriting, proprietary trading, brokerage trading, clearing and settlement, and internal auditing.