Regulations Governing the Capital Reduction at the Subsidiaries of a Financial Holding Company Article 4
After the capital reduction of a financial holding subsidiary company is completed, it should meet the following regulations:1. Total Capital Adequacy Ratio of the banking subsidiary company after a trial calculated capital reduction must be over 12.5%. Tier 1 Capital Ratio and Common Equity Tier 1 Ratio should be over 10.5% and 9% respectively; further, the ratio must be double examined by an accountant. The circulating cash flow reserve ratio of the banking subsidiary company after the capital reduction must not be lower than the legalized ratio.2. Insurance Subsidiaries:(1) The capital adequacy ratio after a trial calculated capital reduction shall be 150% or more of the statutory requirement as prescribed in Article 143-4, Paragraph 2, Subparagraph 1 of the Insurance Act, and such capital adequacy ratio shall be reviewed by a certified public accountant. However, this shall not apply if there is concrete evidence demonstrating sound capital and approval has been obtained from the competent authority.(2)Furthermore, the credit rating of the company after capital reduction must be maintained over twAA rating.3. The capital adequacy rate of the security subsidiary company after a trial calculated capital reduction should be over 200%. For the rest financial ratios, they must conform to relating security management regulations and should not affect the normal operation of its original security business.4. The capital adequacy rate of the futures subsidiary company after a trial calculated capital reduction should not be less than 20% of the total amount of customer margin required by the non-offset position for the futures dealer. For the rest financial ratios, they must be compliant to relating futures management regulations and should not influence the normal operation of its original future business.5. The capital amount of a security investment trust subsidiary company after a trial calculated capital reduction with its capital stock returned should not be less than the minimum paid-in capital regulated in Article 7 of the Standards Governing the Establishment of Securities Investment Trust Enterprises. For the net value after capital deduction, it should not be less than NT$900 million unless otherwise regulated by the competent authority.
中文原文 金融控股公司之子公司減資辦法第4條
金控子公司減資後，應符合下列規定：
一、銀行子公司試算減資後之資本適足率須達百分之十二點五以上、第一類資本比率須達百分之十點五以上及普通股權益比率須達百分之九以上，且該資本適足率應經由會計師覆核。
另銀行子公司減資後之流動準備比率不得低於法定比率。
二、保險子公司：
（一）試算減資後之資本適足率須達保險法第一百四十三條之四第二項第一款所定資本適足之法定標準一點五倍以上，且該資本適足率應經由會計師覆核。
但有具體事證可證明資本健全並經主管機關同意者，不在此限。
（二）保險子公司減資後之信用評等，必須維持twAA等級以上。
三、證券子公司試算減資後之資本適足率須達百分之二百以上，且其他財務比率亦須符合證券管理相關規定，並不得影響原證券業務之正常運作。
四、期貨子公司試算減資後之調整後淨資本額不得少於期貨交易人未沖銷部位所需之客戶保證金總額百分之二十，且其他財務比率亦須符合期貨管理相關規定，並不得影響原期貨業務之正常運作。
五、證券投資信託子公司試算減資退回股本後，資本額不得低於證券投資信託事業設置標準第七條所訂最低實收資本額，且減資後之淨值，除主管機關另有規定外，不得低於新臺幣九億元。
一、銀行子公司試算減資後之資本適足率須達百分之十二點五以上、第一類資本比率須達百分之十點五以上及普通股權益比率須達百分之九以上，且該資本適足率應經由會計師覆核。
另銀行子公司減資後之流動準備比率不得低於法定比率。
二、保險子公司：
（一）試算減資後之資本適足率須達保險法第一百四十三條之四第二項第一款所定資本適足之法定標準一點五倍以上，且該資本適足率應經由會計師覆核。
但有具體事證可證明資本健全並經主管機關同意者，不在此限。
（二）保險子公司減資後之信用評等，必須維持twAA等級以上。
三、證券子公司試算減資後之資本適足率須達百分之二百以上，且其他財務比率亦須符合證券管理相關規定，並不得影響原證券業務之正常運作。
四、期貨子公司試算減資後之調整後淨資本額不得少於期貨交易人未沖銷部位所需之客戶保證金總額百分之二十，且其他財務比率亦須符合期貨管理相關規定，並不得影響原期貨業務之正常運作。
五、證券投資信託子公司試算減資退回股本後，資本額不得低於證券投資信託事業設置標準第七條所訂最低實收資本額，且減資後之淨值，除主管機關另有規定外，不得低於新臺幣九億元。