Regulations Governing the Issuance of Exchange Traded Notes by Securities Firms Article 4
A securities firm filing for registration to issue or to reopen (that is, to issue an additional amount of) ETNs shall meet the qualifying requirements listed below:1.It must be an integrated securities firm that concurrently engages in securities brokerage, underwriting, and dealership business.2.Its CPA audited and attested financial report for the most recent period shows net worth not less than NTD10 billion and not less than paid-in capital, and its financial condition meets the requirements of Articles 13, 14, 16, 18, 18-1, and 19 of the Regulations Governing Securities Firms.3.It must have reported a regulatory capital adequacy ratio of not lower than 250 percent for each of the preceding 6 months.4.It has not been subject to any disciplinary warning from the competent authority during the preceding 3 months.5.It has not been subject to any sanction imposed by the competent authority during the preceding 6 months ordering dismissal or replacement of any of its directors, supervisors, or managerial officers.6.It has not been subject to any sanction imposed by the competent authority during the preceding year requiring a suspension of business.7.It has not been subject to any sanction imposed by the competent authority during the preceding 2 years voiding its permission for any part of its business.8.It has not been subject to any sanction during the preceding year whereby the Taiwan Stock Exchange Corporation (TWSE), the Taipei Exchange (TPEx), or the Taiwan Futures Exchange Corporation (TAIFEX), acting pursuant to its rules, has suspended or restricted the securities firm's trading privileges.Any securities firm in non-conformance with any of the conditions of subparagraphs 4 to 8 of the preceding paragraph but that has made concrete improvement and has satisfied the competent authority thereof may be exempted from the restrictions of those subparagraphs.
中文原文 證券商發行指數投資證券處理準則第4條
證券商申報發行或增額發行指數投資證券，應具備下列資格條件：
一、須為同時經營證券經紀、承銷及自營業務之證券商。
二、最近期經會計師查核簽證之財務報告淨值達新臺幣一百億元以上，且不低於實收資本額；財務狀況符合證券商管理規則第十三條、第十四條、第十六條、第十八條、第十八條之一及第十九條規定。
三、最近六個月每月申報之自有資本適足比率達百分之二百五十以上。
四、最近三個月未曾受主管機關警告處分。
五、最近半年未曾受主管機關命令解除或撤換其董事、監察人或經理人職務處分。
六、最近一年未曾受主管機關停業處分。
七、最近二年未曾受主管機關撤銷部分營業許可處分。
八、最近一年未曾受臺灣證券交易所股份有限公司（以下簡稱證券交易所）、財團法人中華民國證券櫃檯買賣中心（以下簡稱櫃檯買賣中心）、臺灣期貨交易所股份有限公司依其章則處以停止或限制買賣處置。
證券商不符前項第四款至第八款之條件，但其情事已具體改善，並經主管機關認可，得不受其限制。
一、須為同時經營證券經紀、承銷及自營業務之證券商。
二、最近期經會計師查核簽證之財務報告淨值達新臺幣一百億元以上，且不低於實收資本額；財務狀況符合證券商管理規則第十三條、第十四條、第十六條、第十八條、第十八條之一及第十九條規定。
三、最近六個月每月申報之自有資本適足比率達百分之二百五十以上。
四、最近三個月未曾受主管機關警告處分。
五、最近半年未曾受主管機關命令解除或撤換其董事、監察人或經理人職務處分。
六、最近一年未曾受主管機關停業處分。
七、最近二年未曾受主管機關撤銷部分營業許可處分。
八、最近一年未曾受臺灣證券交易所股份有限公司（以下簡稱證券交易所）、財團法人中華民國證券櫃檯買賣中心（以下簡稱櫃檯買賣中心）、臺灣期貨交易所股份有限公司依其章則處以停止或限制買賣處置。
證券商不符前項第四款至第八款之條件，但其情事已具體改善，並經主管機關認可，得不受其限制。