Regulations Governing the Conduct of Securities Trading Margin Purchase and Short Sale Operations by Securities Firms Article 3
A securities firm applying to conduct margin purchase and short sale business shall meet the following requirements:1.The most recent financial report audited by the certified public accountant shows a net worth of not less than NT$200 million;2.Have operated securities brokerage business for one (1) year or more;3.The most recent financial report audited by the certified public accountant shows net worth per share of not less than par value, and financial status meeting the requirements under the Regulations Governing Securities Firms;4.Have not been issued a warning by the competent authority under subparagraph 1 of Article 66 of the Act within the last three (3) months;5.Have not been sanctioned by the competent authority by ordering the securities firm to discharge a director(s), supervisor(s), or managerial officer(s) under subparagraph 2 of Article 66 of the Act within the last six (6) months;6.Have not been sanctioned by the competent authority by suspending its business operation under subparagraph 3 of Article 66 of the Act within the last year;7.Have not been sanctioned by the competent authority by revoking the permit for establishing a branch office according to Article 57, paragraph 1 of Article 59, or subparagraph 4 of Article 66 of the Act within the last two (2) years;8.Have not been sanctioned by the stock exchange, OTC Exchange, or futures exchange by imposing a penalty or suspending or restricting trades in accordance with its rules within the last one (1) year;9.Regulatory capital adequacy ratio during the half-year period preceding the date of application was not less than 150 percent; and10.Other requirements prescribed by the competent authority.The competent authority may, depending on the domestic economic and financial status and the conditions of securities markets and securities firm business, adjust the requirements in subparagraph 1 of the preceding paragraph.In cases where a securities firm has failed to meet a condition in subparagraphs 4 to 8 of paragraph 1, but where concrete improvement has been made and the competent authority has granted consent, the securities firm may be exempted from restriction thereunder.After a securities firm is approved by the competent authority to conduct securities trading margin purchase and short sale business, if its regulatory capital adequacy ratio falls below 150 percent for two consecutive months, it shall suspend such business, which it may resume only after the securities firm is in compliance with the requirement for 3 consecutive months and is approved by the competent authority; the same requirement shall apply to a securities firm that has already received approval to conduct such business but has not yet commenced it.
中文原文 證券商辦理有價證券買賣融資融券管理辦法第3條
證券商申請辦理有價證券買賣融資融券，應具備下列條件：
一、最近期經會計師查核簽證之財務報告淨值達新臺幣二億元。
二、經營證券經紀業務屆滿一年以上。
三、最近期經會計師查核簽證之財務報告每股淨值不低於票面金額，且財務狀況符合證券商管理規則之規定。
四、最近三個月未曾受主管機關依本法第六十六條第一款處以警告處分者。
五、最近半年未曾受主管機關依本法第六十六條第二款所為命令該證券商解除其董事、監察人或經理人職務處分。
六、最近一年未曾受主管機關依本法第六十六條第三款之停業處分。
七、最近二年未曾受主管機關依本法第五十七條、第五十九條第一項及第六十六條第四款所為廢止分支機構設立許可之處分。
八、最近一年未曾受證券交易所、證券櫃檯買賣中心或期貨交易所依其章則為處以違約金或停止或限制買賣之處分。
九、申請日前半年自有資本適足比率未低於百分之一百五十者。
十、其他經主管機關規定應具備之條件。
前項第一款條件，主管機關得視國內經濟、金融情形與證券市場及證券商業務狀況調整之。
證券商不符第一項第四款至第八款之條件，但其情事已具體改善，並經主管機關認可者，得不受其限制。
證券商經主管機關核准辦理有價證券買賣融資融券後，自有資本適足比率連續二個月低於百分之一百五十者，應停止辦理本項業務，俟連續三個月符合規定並報經主管機關核准後，始得恢復；其已獲准辦理而尚未辦理者，亦同。
一、最近期經會計師查核簽證之財務報告淨值達新臺幣二億元。
二、經營證券經紀業務屆滿一年以上。
三、最近期經會計師查核簽證之財務報告每股淨值不低於票面金額，且財務狀況符合證券商管理規則之規定。
四、最近三個月未曾受主管機關依本法第六十六條第一款處以警告處分者。
五、最近半年未曾受主管機關依本法第六十六條第二款所為命令該證券商解除其董事、監察人或經理人職務處分。
六、最近一年未曾受主管機關依本法第六十六條第三款之停業處分。
七、最近二年未曾受主管機關依本法第五十七條、第五十九條第一項及第六十六條第四款所為廢止分支機構設立許可之處分。
八、最近一年未曾受證券交易所、證券櫃檯買賣中心或期貨交易所依其章則為處以違約金或停止或限制買賣之處分。
九、申請日前半年自有資本適足比率未低於百分之一百五十者。
十、其他經主管機關規定應具備之條件。
前項第一款條件，主管機關得視國內經濟、金融情形與證券市場及證券商業務狀況調整之。
證券商不符第一項第四款至第八款之條件，但其情事已具體改善，並經主管機關認可者，得不受其限制。
證券商經主管機關核准辦理有價證券買賣融資融券後，自有資本適足比率連續二個月低於百分之一百五十者，應停止辦理本項業務，俟連續三個月符合規定並報經主管機關核准後，始得恢復；其已獲准辦理而尚未辦理者，亦同。