Regulations Governing Securities Firms Article 50
A securities firm applying to invest in a foreign enterprise, unless otherwise provided by laws or regulations, shall meet the requirements listed below; however, if a securities firm does not meet a condition in subparagraphs 1 to 5, but concrete improvement has been made, and the improvement has been recognized by the FSC, it may be exempted therefrom:1. Have not been sanctioned by the FSC with a warning in the most recent 3 months.2. Have not been sanctioned by the FSC with an order to dismiss or replace any of its directors, supervisors, or managerial officers in the most recent 6 months.3. Have not been sanctioned by the FSC with suspension of business within the last 1 year.4. Have not been sanctioned by the FSC with revocation of the license of any branch office, simple branch office, or portion of its business within the last 2 years.5. Have not been sanctioned with suspension or restriction of trading by the TWSE, TPEx, or TAIFEX pursuant to its rules or bylaws within the last 1 year.6. Its regulatory capital adequacy ratio has not been below 200 percent within the most recent 3 months, and its CPA audited or reviewed financial report for the most recent period shows no accumulated deficit, and its financial condition meets the provisions of Articles 13, 14, 16, 18, 18-1 and 19. However, the requirement regarding the aforementioned regulatory capital adequacy ratio does not apply if special-case approval has been obtained due to special needs.7. Its combined total amount invested in foreign enterprises plus any funds that the securities firm establishing an overseas branch office(s) appropriates there for local operations plus any amount invested in Mainland China enterprises do not exceed 40 percent of the securities' firm's net worth. However, when there is special need and approval as a special case has been received, this provision does not apply.
中文原文 證券商管理規則第50條
證券商申請投資外國事業，除法令另有規定者外，應符合下列各款之規定。
但不符第一款至第五款之條件，惟其情事已具體改善，並經本會認可者，得不受其限制：
一、最近三個月未曾受本會警告處分。
二、最近半年未曾受本會命令解除或撤換其董事、監察人或經理人職務處分。
三、最近一年未曾受本會停業處分。
四、最近二年未曾受本會廢止分支機構、簡易分支機構或部分業務許可處分。
五、最近一年未曾受證券交易所、證券櫃檯買賣中心、期貨交易所依其章則處以停止或限制買賣處置。
六、最近三個月自有資本適足比率不低於百分之二百、最近期經會計師查核或核閱之財務報告無累積虧損，且財務狀況符合第十三條、第十四條、第十六條、第十八條、第十八條之一及第十九條之規定。
但前開自有資本適足比率有特殊需要經專案核准者，不在此限。
七、投資外國事業之總金額加計證券商設置國外分支機構專撥於當地營業之資金及投資大陸事業之金額，合計不得超過證券商淨值百分之四十。
但有特殊需要經專案核准者，不在此限。
但不符第一款至第五款之條件，惟其情事已具體改善，並經本會認可者，得不受其限制：
一、最近三個月未曾受本會警告處分。
二、最近半年未曾受本會命令解除或撤換其董事、監察人或經理人職務處分。
三、最近一年未曾受本會停業處分。
四、最近二年未曾受本會廢止分支機構、簡易分支機構或部分業務許可處分。
五、最近一年未曾受證券交易所、證券櫃檯買賣中心、期貨交易所依其章則處以停止或限制買賣處置。
六、最近三個月自有資本適足比率不低於百分之二百、最近期經會計師查核或核閱之財務報告無累積虧損，且財務狀況符合第十三條、第十四條、第十六條、第十八條、第十八條之一及第十九條之規定。
但前開自有資本適足比率有特殊需要經專案核准者，不在此限。
七、投資外國事業之總金額加計證券商設置國外分支機構專撥於當地營業之資金及投資大陸事業之金額，合計不得超過證券商淨值百分之四十。
但有特殊需要經專案核准者，不在此限。