Regulations Governing Offshore Structured Products Article 3
The term "trust investment" as used in these Regulations means the act of investing in offshore structured products based on a fiduciary relationship; the term "brokerage trade" as used in these Regulations means the act of buying or selling offshore structured products via securities firms.The term "investor" as used in these Regulations means the principal of a trust investment or brokerage trade or the applicant for investment-linked insurance.The term "professional investor" as used in these Regulations means an investor that meets one of the following criteria:1. A professional institutional investor, which includes domestic and foreign banks, insurance companies, bills finance companies, securities firms, fund management companies, government investment institutions, government funds, pension funds, mutual funds, unit trusts, securities investment trust enterprises, securities investment consulting enterprises, trust enterprises, futures commission merchants, futures service enterprises and other institutions approved by the FSC.2. A juristic person meeting all of the following criteria and having applied in writing to trust enterprises, securities firms and insurance enterprises (referred to as the "trustees or sub-distributors" hereunder) for the status of a high net worth corporate investor：(1) A juristic person with net worth exceeding NT$20,000,000,000 according to its latest CPA-audited or reviewed financial report ; notwithstanding the foregoing, the financial reports of juristic persons outside of the Republic of China need not be CPA-audited or reviewed.(2) The person has a dedicated investment unit, staffed by capable professionals and the unit’s manager meets one of the following conditions.i. The manager worked in financial product investment at a financial, securities, futures or insurance institution for more than three years.ii. The manager has financial product investment experience of more than four years.iii. The manager possesses other qualifications or experience that show he/she has financial product investment professional knowledge and management experience and can soundly and effectively manage the business of an investment department.(3) The person holds securities position or derivatives product portfolio exceeding NT$1,000,000,000 according to its latest CPA-audited or reviewed financial report ; notwithstanding the foregoing, the financial reports of juristic persons outside of the Republic of China need not be CPA-audited or reviewed.(4) The person’s internal control system has suitable investment procedure and risk management measures.3. A juristic person or fund meeting all of the following criteria and having applied in writing to the trustee or sub-distributor for the status of a professional investor(1) A juristic person or fund with total assets exceeding NT$50,000,000 according to its latest CPA-audited or reviewed financial report; notwithstanding the foregoing, the financial reports of juristic persons outside of the Republic of China need not be CPA-audited or reviewed;(2) The trader authorized by the investor has sufficient professional knowledge, trading experience in financial products; and(3) The person understands fully that a trustee or sub-distributor is exempted from certain responsibilities towards professional investors in conducting trust investment and agrees to sign on as a professional investor.4. A natural person meeting all of the following criteria and having applied in writing to the trustee or sub-distributor for the status of professional investor(1) The person has proof of financial capacity of at least NT$30,000,000; or has made a foreign currency denominated investment equivalent to over NT$3,000,000 in value, and in addition, his/her total assets at the trustee or sub-distributor, including deposits and investments (including the aforesaid investment), worth more than NT$15,000,000, and the person has provided a statement undertaking that his or her total assets exceed NT$30,000,000;(2)The person has sufficient professional knowledge, trading experience in financial products; and(3) The person understands fully that a trustee or sub-distributor is exempted from certain responsibilities towards professional investors in conducting trust investment and agrees to sign on as a professional investor.5. A trust enterprise that has entered into a trust agreement with the trustor and the trustor meets the conditions set forth in Subparagraph 2, 3 or the preceding subparagraph hereof.The term "non-professional investor" as used in these Regulations means an investor other than one meeting the criteria for professional investor as specified in the preceding paragraph.The trustee or sub-distributor is responsible for conducting reasonable investigation to verify that an investor meets the qualification criteria for a professional investor as set forth in Paragraph 3 hereof and obtaining reasonable and credible corroborative evidence from the investor. The evaluation method of a trustee or sub-distributor for assessing whether a professional investor has sufficient professional knowledge and trading experience in financial products should be included in the “Know Your Customer” procedure and be approved by the Board. If a trustee or sub-distributor does not have a Board, it should be approved by the responsible person in the ROC.
中文原文 境外結構型商品管理規則第3條
本規則所稱受託投資，係指依信託關係投資境外結構型商品之行為；所稱受託買賣，係指透過證券商從事境外結構型商品之買賣行為。
本規則所稱投資人，係指受託投資或受託買賣之委託人及投資型保險之要保人。
本規則所稱專業投資人，係指投資人符合以下條件之一者：
一、專業機構投資人：係指國內外之銀行、保險公司、票券金融公司、證券商、基金管理公司、政府投資機構、政府基金、退休基金、共同基金、單位信託、證券投資信託公司、證券投資顧問公司、信託業、期貨商、期貨服務事業及其他經本會核准之機構。
二、同時符合下列條件，並以書面向信託業、證券商或保險業（以下簡稱受託或銷售機構）申請為高淨值投資法人：
（一）最近一期經會計師查核或核閱之財務報告淨資產超過新臺幣二百億元者。
但中華民國境外之法人，其財務報告免經會計師查核或核閱。
（二）設有投資專責單位，並配置適任專業人員，且該單位主管具備下列條件之一：1.曾於金融、證券、期貨或保險機構從事金融商品投資業務工作經驗三年以上。
2.金融商品投資相關工作經驗四年以上。
3.有其他學經歷足資證明其具備金融商品投資專業知識及管理經驗，可健全有效管理投資部門業務者。
（三）最近一期經會計師查核或核閱之財務報告持有有價證券部位或衍生性金融商品投資組合達新臺幣十億元以上。
但中華民國境外之法人，其財務報告免經會計師查核或核閱。
（四）內部控制制度具有合適之投資程序及風險管理措施。
三、同時符合下列條件，並以書面向受託或銷售機構申請為專業投資人之法人或基金：
（一）最近一期經會計師查核或核閱之財務報告總資產超過新臺幣五千萬元。
但中華民國境外之法人，其財務報告免經會計師查核或核閱。
（二）經投資人授權辦理交易之人，具備充分之金融商品專業知識、交易經驗。
（三）投資人充分了解受託或銷售機構受專業投資人委託投資得免除之責任後，同意簽署為專業投資人。
四、同時符合下列條件，並以書面向受託或銷售機構申請為專業投資人之自然人：
（一）提供新臺幣三千萬元以上之財力證明；或單筆投資逾新臺幣三百萬元之等值外幣，且於該受託、銷售機構之存款及投資（含該筆投資）往來總資產逾新臺幣一千五百萬元，並提供總資產超過新臺幣三千萬元以上之財力聲明書。
（二）投資人具備充分之金融商品專業知識、交易經驗。
（三）投資人充分了解受託或銷售機構受專業投資人委託投資得免除之責任後，同意簽署為專業投資人。
五、簽訂信託契約之信託業，其委託人符合第二款、第三款或前款之規定。
本規則所稱非專業投資人，係指符合前項專業投資人條件以外之投資人。
第三項各款有關專業投資人應符合之條件，應由受託或銷售機構盡合理調查之責任，並向投資人取得合理可信之佐證依據。
受託或銷售機構針對專業投資人具備充分金融商品專業知識、交易經驗之評估方式，應納入瞭解客戶程序，並報經董事會通過。
但受託或銷售機構無董事會者，由在中華民國境內負責人同意之。
本規則所稱投資人，係指受託投資或受託買賣之委託人及投資型保險之要保人。
本規則所稱專業投資人，係指投資人符合以下條件之一者：
一、專業機構投資人：係指國內外之銀行、保險公司、票券金融公司、證券商、基金管理公司、政府投資機構、政府基金、退休基金、共同基金、單位信託、證券投資信託公司、證券投資顧問公司、信託業、期貨商、期貨服務事業及其他經本會核准之機構。
二、同時符合下列條件，並以書面向信託業、證券商或保險業（以下簡稱受託或銷售機構）申請為高淨值投資法人：
（一）最近一期經會計師查核或核閱之財務報告淨資產超過新臺幣二百億元者。
但中華民國境外之法人，其財務報告免經會計師查核或核閱。
（二）設有投資專責單位，並配置適任專業人員，且該單位主管具備下列條件之一：1.曾於金融、證券、期貨或保險機構從事金融商品投資業務工作經驗三年以上。
2.金融商品投資相關工作經驗四年以上。
3.有其他學經歷足資證明其具備金融商品投資專業知識及管理經驗，可健全有效管理投資部門業務者。
（三）最近一期經會計師查核或核閱之財務報告持有有價證券部位或衍生性金融商品投資組合達新臺幣十億元以上。
但中華民國境外之法人，其財務報告免經會計師查核或核閱。
（四）內部控制制度具有合適之投資程序及風險管理措施。
三、同時符合下列條件，並以書面向受託或銷售機構申請為專業投資人之法人或基金：
（一）最近一期經會計師查核或核閱之財務報告總資產超過新臺幣五千萬元。
但中華民國境外之法人，其財務報告免經會計師查核或核閱。
（二）經投資人授權辦理交易之人，具備充分之金融商品專業知識、交易經驗。
（三）投資人充分了解受託或銷售機構受專業投資人委託投資得免除之責任後，同意簽署為專業投資人。
四、同時符合下列條件，並以書面向受託或銷售機構申請為專業投資人之自然人：
（一）提供新臺幣三千萬元以上之財力證明；或單筆投資逾新臺幣三百萬元之等值外幣，且於該受託、銷售機構之存款及投資（含該筆投資）往來總資產逾新臺幣一千五百萬元，並提供總資產超過新臺幣三千萬元以上之財力聲明書。
（二）投資人具備充分之金融商品專業知識、交易經驗。
（三）投資人充分了解受託或銷售機構受專業投資人委託投資得免除之責任後，同意簽署為專業投資人。
五、簽訂信託契約之信託業，其委託人符合第二款、第三款或前款之規定。
本規則所稱非專業投資人，係指符合前項專業投資人條件以外之投資人。
第三項各款有關專業投資人應符合之條件，應由受託或銷售機構盡合理調查之責任，並向投資人取得合理可信之佐證依據。
受託或銷售機構針對專業投資人具備充分金融商品專業知識、交易經驗之評估方式，應納入瞭解客戶程序，並報經董事會通過。
但受託或銷售機構無董事會者，由在中華民國境內負責人同意之。