Regulations Governing Foreign Bank Branches And Representative Offices Article 3

A foreign bank that has been approved to establish a branch in the ROC shall allocate a minimum operating capital of NT$250,000,000 if the said foreign bank plans to accept deposit of less than NT$1,500,000 from individuals and will have more than five hundred such accounts, and the total amount of deposits of less than NT$1,500,000 from individuals exceeds 1 percent of total amount of New Taiwan Dollar deposits accepted by the said foreign bank. A foreign bank shall allocate a minimum operating capital of NT$200,000,000 for its branch if the said foreign bank does not plan to offer retail deposit business or if its retail deposit business will not reach the thresholds set forth above.For each additional branch a foreign bank has been approved to establish, the said foreign bank shall allocate a minimum operating capital of NT$250,000,000 for its new branch if the said foreign bank plans to accept deposit of less than NT$1,500,000 from individuals and will have more than five hundred such accounts, and the total amount of deposits of less than NT$1,500,000 from individuals exceeds 1 percent of total amount of NT Dollar deposits accepted by the said foreign bank. A foreign bank shall allocate a minimum operating capital of NT$200,000,000 for its new branch if the said foreign bank does not plan to offer retail deposit business or if its retail deposit business will not reach the thresholds set forth above.The operating capital referred to in the preceding two paragraphs shall be booked on a consolidated basis in the account when the bank first establishes and registers a branch company in the ROC or any other branch of such foreign bank approved by the competent authority.A foreign bank's branch which intends to increase the amount of operating capital shall obtain the prior approvals of the competent authority and the Central Bank.