Regulations Governing the Trading of Financial Derivatives by Bills Finance Companies Article 10

Except for products traded on the futures exchange or otherwise provided by law, a bills finance company that has been approved to conduct financial derivatives business as a dealer may engage in financial derivatives business allowed for a dealer as provided in Paragraph 1 of Article 3 herein, and in fifteen (15) days after starting such business, submit the minutes of its board of directors’ meeting, the internal financial derivatives trading procedure, product prospectus, statement of regulatory compliance and risk disclosure statement to the Competent Authority for reference ; any part involved in foreign exchange business shall be approve by the Central Bank of the ROC and handled in accordance with regulations of the Central Bank of the ROC.Where the aforementioned documents submitted by the bills finance company is incomplete, the Competent Authority will order the company to rectify the situation within a specified period of time. Where the bills finance company fails to comply within the specified period of time, the Competent Authority may order it to stop its financial derivatives business.