Standards Governing the Establishment of Securities Firms Article 33-3

For a foreign securities firm that establishes a representative office within the territory of the ROC, its representative office is prohibited from operating the business under Article 15 of the Securities and Exchange Act.
中文原文 證券商設置標準第33-3條
外國證券商在中華民國境內設置代表人辦事處者,其代表人辦事處不得經營本法第十五條之業務。

English translation for reference only; the Chinese text prevails. Not legal advice.