Regulations Governing Foreign Currency Bond Brokerage, Proprietary Trading, and Investment by Bills Finance Companies Article 4
A bills finance company applying to conduct brokerage, proprietary trading, or investment in foreign currency bonds shall have had a resolution passed by its board of directors, shall submit an application form and handling procedures to apply to the FSC for approval, and may not be subject to any of the following circumstances:1.The ratio of equity capital to risk-weighted assets is less than 10 percent.2.Failure to duly set aside sufficient reserve for guarantee liabilities and allowance for bad debts.3.Cumulatively more than NT$2 million in administrative sanctions imposed on the bills finance company's responsible person(s) and the bills finance company. This restriction does not apply, however, if the illegalities have already been specifically corrected and the corrections have been recognized by the FSC.4.Failure to meet a certain rating by a rating agency.5.Material deficiency in internal control in the past 2 years. This restriction does not apply, however, if the material deficiency has already been specifically corrected and the corrections have been recognized by the FSC.6.Net worth per share was lower than par value in the past year.The term "a certain rating" in the preceding paragraph means a credit rating set forth in Article 4 of the Regulations Governing Investment in Bonds and Equity Products by Bills Finance Companies.The "handling procedures" under paragraph 1 shall specify the following particulars:1.Trading principles and policies: shall include trading and hedging strategies, position limits, and stop loss settings.2.Responsible departments, personnel deployment, and human resources development and training plain (including a list of the names of associated persons meeting applicable requirements and documents certifying their qualifications).3.Trading procedures: shall include hierarchy of assigned responsibility, authorization limits, trading processes, segregation of authority and duties between relevant departments, and procedures for preserving trading records.4.Accounting treatment: shall include accounting standards and accounting entries.5.Risk management measures: shall include risk management scope, risk management procedures, methods and frequency of position evaluation, production and review of position evaluation reports, irregularity reports, and procedures for follow-up surveillance.6.Internal control and audit: shall include internal check and reconciliation functions and regular auditing.Personnel of a bills finance company conducting brokerage, proprietary trading, or investment in foreign currency bonds shall possess professional ability, and the company shall set professional qualification requirements and formulate a training system and performance evaluation system.
中文原文 票券金融公司辦理外幣債券經紀自營及投資管理辦法第4條
票券金融公司申請辦理外幣債券經紀、自營及投資，應經董事會通過，檢具申請書、處理程序，向主管機關申請核准，且不得有下列情事之一：
一、自有資本與風險性資產比率低於百分之十。
二、未依規定提足保證責任準備及備抵呆帳。
三、最近二年內負責人及機構累積受有超過新台幣二百萬元之罰鍰處分。
但其違法情事已獲具體改善經主管機關認可者，不在此限。
四、經信用評等機構評等未達一定等級。
五、最近二年內部控制有重大缺失。
但其重大缺失已獲具體改善經主管機關認可者，不在此限。
六、最近一年每股淨值低於票面金額。
前項所稱一定等級，指票券金融公司投資債券及股權商品管理辦法第四條規定之信用評等等級。
第一項所稱處理程序，應載明下列事項：
一、交易原則及方針：應包括交易及避險策略、部位限額及停損設定。
二、辦理之部門、人員配置及人才培訓計畫（包括符合相關規定之業務人員名冊及資格證明文件）。
三、交易作業程序：應包括負責層級、額度授權、交易流程、相關部門權責劃分、交易紀錄保存程序。
四、會計處理：應包括使用之會計準則及會計分錄等。
五、風險管理措施：應包括風險管理範圍、風險管理程序、部位評估方法及頻率、部位評估報告之製作及審查、異常情形之報告與後續監督程序。
六、內部控制及查核：應包括內部牽制、勾稽功能及定期查核等。
票券金融公司辦理外幣債券經紀、自營及投資之人員應具備專業能力，並應訂定專業資格條件、訓練及考評制度。
一、自有資本與風險性資產比率低於百分之十。
二、未依規定提足保證責任準備及備抵呆帳。
三、最近二年內負責人及機構累積受有超過新台幣二百萬元之罰鍰處分。
但其違法情事已獲具體改善經主管機關認可者，不在此限。
四、經信用評等機構評等未達一定等級。
五、最近二年內部控制有重大缺失。
但其重大缺失已獲具體改善經主管機關認可者，不在此限。
六、最近一年每股淨值低於票面金額。
前項所稱一定等級，指票券金融公司投資債券及股權商品管理辦法第四條規定之信用評等等級。
第一項所稱處理程序，應載明下列事項：
一、交易原則及方針：應包括交易及避險策略、部位限額及停損設定。
二、辦理之部門、人員配置及人才培訓計畫（包括符合相關規定之業務人員名冊及資格證明文件）。
三、交易作業程序：應包括負責層級、額度授權、交易流程、相關部門權責劃分、交易紀錄保存程序。
四、會計處理：應包括使用之會計準則及會計分錄等。
五、風險管理措施：應包括風險管理範圍、風險管理程序、部位評估方法及頻率、部位評估報告之製作及審查、異常情形之報告與後續監督程序。
六、內部控制及查核：應包括內部牽制、勾稽功能及定期查核等。
票券金融公司辦理外幣債券經紀、自營及投資之人員應具備專業能力，並應訂定專業資格條件、訓練及考評制度。