Standards Governing the Establishment of Securities Firms Article 4
A promoter of a securities firm shall be disqualified if any of the following circumstances apply:1. The person has been sentenced by a final and conclusive judgment for having committed an offense against the internal/external security of the state, or is at large for such an offense pending the closing of the case.2. The person has been sentenced to imprisonment for 1 year or more for having committed fraud, breach of trust, misappropriation, or for having violated applicable laws or regulations governing the regulation of business and industry, and 2 years have not elapsed since the completion of service of the sentence.3. The person has been sentenced by a final and conclusive judgment for having committed embezzlement during service as a government employee and 2 years have not elapsed since the completion of the sentence.4. The person has been adjudicated bankrupt and their civil rights have not been restored; or they served as a director, supervisor, managerial officer, or other equivalent position in a juristic person at a time when it was adjudicated bankrupt, and three years have not elapsed since the close of the bankruptcy, or the reconciliation has not been performed..5. The person has had an event of material loss of credit and the case is not yet closed or 2 years have not elapsed since the closing of the case; or within the last three years has a record with a financial institution of being refused transactions or a loss of credit.6. The person has no legal capacity, limited legal capacity, or is placed under assistance by a declaration of a court, which has not yet been voided.7. The person has been sentenced under the Act or the Futures Trading Act to a penalty of severity equal to or greater than a criminal fine, and 3 years have not elapsed since completion of the sentence, expiration of the suspended sentence, or pardon.8. The person has been sanctioned by the FSC by dismissal from or replacement in their duties, and 3 years have not yet elapsed.9. The person has, as supported by facts, engaged in or been involved in other bad faith or improper activities, demonstrating unsuitability to work in the securities industry.Where the promoter is a juristic person, the provisions of the preceding paragraph shall apply mutatis mutandis to any representative of or any designated individual executing business for the juristic person.
中文原文 證券商設置標準第4條
證券商之發起人，不得有左列各款情事：
一、動員戡亂時期終止後，曾犯內亂、外患罪，經判刑確定或通緝有案尚未結案者。
二、曾犯詐欺、背信、侵占罪或違反工商管理法令，經受有期徒刑一年以上刑之宣告，執行完畢尚未逾二年者。
三、曾服公務虧空公款，經判刑確定，執行完畢尚未逾二年者。
四、受破產之宣告，尚未復權，或曾任法人宣告破產時之董事、監察人、經理人或與其地位相等之人，其破產終結未滿三年或調協未履行者。
五、有重大喪失債信情事，尚未了結或了結後未逾二年，或最近三年內在金融機構有拒絕往來或喪失債信之紀錄者。
六、無行為能力、限制行為能力或受輔助宣告尚未撤銷者。
七、依本法、期貨交易法之規定，受罰金以上刑之宣告，執行完畢，緩刑期滿或赦免後未滿三年者。
八、受本會解除或撤換職務處分，未滿三年者。
九、有事實證明曾經從事或涉及其他不誠信或不正當活動，顯示其不適合從事證券業者。
發起人為法人者，前項規定，對於該法人代表人或指定代表行使職務者，準用之。
一、動員戡亂時期終止後，曾犯內亂、外患罪，經判刑確定或通緝有案尚未結案者。
二、曾犯詐欺、背信、侵占罪或違反工商管理法令，經受有期徒刑一年以上刑之宣告，執行完畢尚未逾二年者。
三、曾服公務虧空公款，經判刑確定，執行完畢尚未逾二年者。
四、受破產之宣告，尚未復權，或曾任法人宣告破產時之董事、監察人、經理人或與其地位相等之人，其破產終結未滿三年或調協未履行者。
五、有重大喪失債信情事，尚未了結或了結後未逾二年，或最近三年內在金融機構有拒絕往來或喪失債信之紀錄者。
六、無行為能力、限制行為能力或受輔助宣告尚未撤銷者。
七、依本法、期貨交易法之規定，受罰金以上刑之宣告，執行完畢，緩刑期滿或赦免後未滿三年者。
八、受本會解除或撤換職務處分，未滿三年者。
九、有事實證明曾經從事或涉及其他不誠信或不正當活動，顯示其不適合從事證券業者。
發起人為法人者，前項規定，對於該法人代表人或指定代表行使職務者，準用之。