Standards Governing the Establishment of Securities Firms Article 14
With the exceptions of futures commission merchants (FCM), proprietary trading of government bonds, foreign bond trading agency business, business with special approval granted by the FSC based on policy considerations, and business for which permission for concurrent operation has been obtained prior to the issuance of these Standards, a financial institution that concurrently operates securities business shall restrict such concurrent operations to only one of the following:1. Securities underwriting.2. Securities dealing.3. Securities trading brokerage or intermediary services.4. Securities underwriting and dealing.5. Securities dealing and over-the-counter securities brokerage.An FCM that concurrently operates securities business shall restrict such concurrent operations to only one of the following:1. Securities dealing.2. Securities trading brokerage or intermediary services.3. Securities dealing and securities trading brokerage or intermediary services.An FCM that is concurrently operated by another business may not apply to concurrently operate securities business.
中文原文 證券商設置標準第14條
金融機構兼營證券業務，除期貨商、自行買賣政府債券、代理買賣外國債券、經本會基於政策考量專案許可或本標準發布前已許可兼營者外，以兼營下列各款之一為限：
一、有價證券之承銷。
二、有價證券之自行買賣。
三、有價證券買賣之行紀或居間。
四、有價證券之承銷及自行買賣。
五、有價證券之自行買賣及在其營業處所受託買賣。
期貨商兼營證券業務，以兼營下列各款之一為限：
一、有價證券之自行買賣。
二、有價證券買賣之行紀或居間。
三、有價證券之自行買賣及有價證券買賣之行紀或居間。
期貨商由他業兼營者，不得申請兼營證券業務。
一、有價證券之承銷。
二、有價證券之自行買賣。
三、有價證券買賣之行紀或居間。
四、有價證券之承銷及自行買賣。
五、有價證券之自行買賣及在其營業處所受託買賣。
期貨商兼營證券業務，以兼營下列各款之一為限：
一、有價證券之自行買賣。
二、有價證券買賣之行紀或居間。
三、有價證券之自行買賣及有價證券買賣之行紀或居間。
期貨商由他業兼營者，不得申請兼營證券業務。