Regulations Governing the Investing Activities of a Financial Holding Company Article 2
A financial holding company should abide by the following when applying for the business prescribed in Paragraph 2 of Article 36 and Paragraph 1 of Article 37 in these regulations:1. The investment should be passed by the board of directors of the company.2. Make a statement that the company abides by Article 209, Article 206 of Company Act, and Article 178 of the same Act shall apply mutatis mutandis concerning the regulations on non-competition and prevention of conflicts of interest.3. The capital adequacy after the investment should be over 100% while its subsidiary companies should meet the relating regulations in respective capital adequacy rules.4. The company and its subsidiary companies have sound operation and no significant penalties or sanctions imposed by the competent authorities within the most recent year for violations of financial laws or regulations directly related to the application. However, companies are not subject to this restriction in the following situations: if the amount of money the company increases capital for or invests in its subsidiary companies does not exceed NT$ 50 million, or the investment promotes the sound development of financial markets, or the company had above mentioned events but has rectified, or proposed specific rectification measures that were approved by the competent authority.5. The most recent combined financial report audited and certified by an accountant and shows no cumulative losses.6. A financial holding company has no event of having not completed the capital funding for its subsidiary companies due to the punishment of capital increase imposed on its subsidiary companies by the competent authorities.7. Have no relating incomplete disposals of investment cases that are requested by the competent authorities in accordance with Article 55 of the Act.8. Except for the investment in internet-only banks and unless otherwise specified, the initial investment by the company according to Subparagraph 1 to 9, Paragraph 2, Article 36 of the Act should acquire more than 25% of shares with voting rights or paid-in capital of a financial holding company, bank, insurance company and securities firm. As for the other types of investments, the company should acquire the outstanding voting-right-shares or capital stocks more than 50%.9. Based on the most recent financial report audited and certified by an accountant, the double leverage ratio after the investment should not exceed 125%. However, this restriction shall not apply if the financial holding company is able to provide specific and definite contents of the capital increase and its planned schedule and commit to adjustments for compliance with the requirement within 1 year from the date of the completion of the investment.10. If the investee enterprise is an existing company and has cumulative losses within the recent one year, the company shall provide reasonable explanations on the losses.The double leverage ratio mentioned in the preceding Subparagraph 9 refers to the proportion of the investment made by Financial Holding Company in accordance with Paragraph 2, Article 36 and Paragraph 1, Article 37 of the Act to the net value of the Financial Holding Company. The issuance of common stock for cash within the year processed by a financial holding company shall be included in its net values. Furthermore, based on the date of obtaining the capital verification certificate as the calculation standard, the cash dividend distributed within the year shall be deducted from the net values in the shareholders’ general meeting.When a financial holding company handles a financial institute with difficulties in compliance with the government’s policies, the competent authorities shall allow the investment as a special case and is not subject to the restrictions in Subparagraph 3, 9, 10 of Paragraph 1.When a financial holding company assists the subsidiary companies of a bank, insurance company, or securities firm in compliance with Article 56 of the Act to improve their financial structure or restore to normal operation with an investment and proposed solid improvement plans, it is not subject to the restrictions referred to in Subparagraph 3 to 9 of Paragraph 1.If the investment of Subparagraph 1 involves foreign currency exchange business, it should be attended to according to relating regulations from the Central Bank.If the investee enterprise involved in an investing activity of a financial holding company is a public company, the acquisition of requested shares should be completed for cash consideration in a single transaction by regulations about public tender offer within three months after the authorization day; if it is a non-public company, the investment should be completed within three months. If the financial holding company is a founder, its investment to fully subscribe the shares to be issued will not be subject to this restriction.When an investment of a financial holding company has reached the regulated ratio prescribed in Subparagraph 8, Paragraph 1, or the investment mentioned in Subparagraph 10, 11, Paragraph 2 of Article 36 and Paragraph 1 of Article 37 of the Act involves foreign business, it is not subject to the restrictions mentioned in the preceding paragraph and should be processed under the prescribed period by the competent authorities.If the investment is not conducted or completed by the period mentioned in Subparagraph 6 and the preceding paragraph, the authorization to the investment by the competent authorities will become invalid automatically. If the investment is not completed and does have a proper cause, applications by the company for other investment projects shall be rejected by the competent authorities.The financial holding company shall propose reasonable and feasible financial and funding plans to conduct investments in financial holding companies, banks, insurance companies and securities firms in accordance with the provisions of the first part of Subparagraph 8 of Paragraph 1. It must also pledge to fully implement the plans in order to ensure the acquision of more than 50% of the shares or seats on the board of directors.The conditions referred to in the preceding paragraph and the regulation governing a financial holding company regarding the investment in financial holding firms, banks, insurance companies and securities firms in accordance with the provisions of the first part of Subparagraph 8 of Paragraph 1 will be determined by the competent authority.
中文原文 金融控股公司投資管理辦法第2條
金融控股公司申請投資本法第三十六條第二項及第三十七條第一項之事業時，應符合下列規定：
一、該投資應經該公司董事會通過。
二、聲明遵守公司法第二百零九條、第二百零六條準用同法第一百七十八條有關競業禁止及利益衝突防止之規定。
三、本次投資後之集團資本適足率須達百分之一百以上，且其各子公司應符合各業別資本適足性之相關規範。
四、該公司及其子公司無有礙健全經營情事，且最近一年內未發生與申請案有直接關聯之違反金融法規受主管機關重大裁罰或處分。
但對子公司增資、投資金額未超過新臺幣五千萬元、該投資促進整體金融市場之健全發展，或其該等情事已具體改善、提出具體可行改善措施並經主管機關認可者，不在此限。
五、最近一期經會計師查核或核閱之合併財務報表無累積虧損。
六、無因子公司受主管機關增資處分而未為該子公司完成資金籌募之情形。
七、無受主管機關依本法第五十五條令其處分相關投資仍未完成之情形。
八、除投資純網路銀行及其他法規另有規定外，該公司依本法第三十六條第二項第一款至第九款所為之首次投資，對金融控股公司、銀行、保險公司及證券商應取得已發行有表決權股份總數或資本總額超過百分之二十五，對其他被投資事業應取得已發行有表決權股份總數或資本總額超過百分之五十。
九、以最近一期經會計師查核或核閱之財務報告為基礎，加計本次投資後之雙重槓桿比率不得超過百分之一百二十五。
但已提出具體明確之增資內容及時程規畫，並承諾於完成投資之日起一年內調整至符合規定者，不在此限。
十、被投資事業為既存公司，最近一年有累積虧損者，對該投資對象之累積虧損應提出合理說明。
前項第九款所稱雙重槓桿比率，指金融控股公司依本法第三十六條第二項及第三十七條第一項所為之投資占該公司淨值之比率；金融控股公司於年度中之現金增資，得予計入淨值，並以取得驗資證明書之日為計算基準日，年度中發放現金股利，應於股東會決議日由淨值中減除。
金融控股公司配合政府政策處理問題金融機構，主管機關得專案核准其投資，不受第一項第三款、第九款及第十款之限制。
金融控股公司依本法第五十六條規定協助銀行子公司、保險子公司或證券子公司改善財務結構或回復正常營運所為之投資，且已提出具體改善計畫者，不受第一項第三款至第九款之限制。
第一項投資涉及外匯業務者，應依中央銀行相關規定辦理。
金融控股公司之投資行為，其被投資事業屬公開發行公司者，應自核准之日起三個月內依公開收購相關規定，以現金為對價進行股份收購一次購足；屬非公開發行公司者，應於三個月內完成投資。
但金融控股公司為發起人，為認足應發行股份所為之投資，不在此限。
金融控股公司之投資已達第一項第八款所定比率，或投資本法第三十六條第二項第十款、第十一款及第三十七條第一項有涉及投資海外之事業者，不受前項規定限制，並應依主管機關核准期限辦理。
未依第六項及前項所定期限進行或完成投資者，主管機關對該次投資之核准自動失效。
未執行完成且無正當理由者，該公司其他投資申請案件，主管機關得不予核准。
金融控股公司依第一項第八款前段規定，對金融控股公司、銀行、保險公司及證券商所為之投資，須提出具合理性及可行性之財務及資金籌措計畫，並承諾落實執行，以確保取得過半股權或董事會席次。
金融控股公司依第一項第八款前段規定，對金融控股公司、銀行、保險公司及證券商所為投資應遵行事項，由主管機關另定之。
一、該投資應經該公司董事會通過。
二、聲明遵守公司法第二百零九條、第二百零六條準用同法第一百七十八條有關競業禁止及利益衝突防止之規定。
三、本次投資後之集團資本適足率須達百分之一百以上，且其各子公司應符合各業別資本適足性之相關規範。
四、該公司及其子公司無有礙健全經營情事，且最近一年內未發生與申請案有直接關聯之違反金融法規受主管機關重大裁罰或處分。
但對子公司增資、投資金額未超過新臺幣五千萬元、該投資促進整體金融市場之健全發展，或其該等情事已具體改善、提出具體可行改善措施並經主管機關認可者，不在此限。
五、最近一期經會計師查核或核閱之合併財務報表無累積虧損。
六、無因子公司受主管機關增資處分而未為該子公司完成資金籌募之情形。
七、無受主管機關依本法第五十五條令其處分相關投資仍未完成之情形。
八、除投資純網路銀行及其他法規另有規定外，該公司依本法第三十六條第二項第一款至第九款所為之首次投資，對金融控股公司、銀行、保險公司及證券商應取得已發行有表決權股份總數或資本總額超過百分之二十五，對其他被投資事業應取得已發行有表決權股份總數或資本總額超過百分之五十。
九、以最近一期經會計師查核或核閱之財務報告為基礎，加計本次投資後之雙重槓桿比率不得超過百分之一百二十五。
但已提出具體明確之增資內容及時程規畫，並承諾於完成投資之日起一年內調整至符合規定者，不在此限。
十、被投資事業為既存公司，最近一年有累積虧損者，對該投資對象之累積虧損應提出合理說明。
前項第九款所稱雙重槓桿比率，指金融控股公司依本法第三十六條第二項及第三十七條第一項所為之投資占該公司淨值之比率；金融控股公司於年度中之現金增資，得予計入淨值，並以取得驗資證明書之日為計算基準日，年度中發放現金股利，應於股東會決議日由淨值中減除。
金融控股公司配合政府政策處理問題金融機構，主管機關得專案核准其投資，不受第一項第三款、第九款及第十款之限制。
金融控股公司依本法第五十六條規定協助銀行子公司、保險子公司或證券子公司改善財務結構或回復正常營運所為之投資，且已提出具體改善計畫者，不受第一項第三款至第九款之限制。
第一項投資涉及外匯業務者，應依中央銀行相關規定辦理。
金融控股公司之投資行為，其被投資事業屬公開發行公司者，應自核准之日起三個月內依公開收購相關規定，以現金為對價進行股份收購一次購足；屬非公開發行公司者，應於三個月內完成投資。
但金融控股公司為發起人，為認足應發行股份所為之投資，不在此限。
金融控股公司之投資已達第一項第八款所定比率，或投資本法第三十六條第二項第十款、第十一款及第三十七條第一項有涉及投資海外之事業者，不受前項規定限制，並應依主管機關核准期限辦理。
未依第六項及前項所定期限進行或完成投資者，主管機關對該次投資之核准自動失效。
未執行完成且無正當理由者，該公司其他投資申請案件，主管機關得不予核准。
金融控股公司依第一項第八款前段規定，對金融控股公司、銀行、保險公司及證券商所為之投資，須提出具合理性及可行性之財務及資金籌措計畫，並承諾落實執行，以確保取得過半股權或董事會席次。
金融控股公司依第一項第八款前段規定，對金融控股公司、銀行、保險公司及證券商所為投資應遵行事項，由主管機關另定之。