Regulations Governing Offshore Structured Products Article 6
The offshore structured product issuing institution shall have a branch company set up in the Republic of China (referred to as the "issuer" hereunder). In the absence of such branch company, a parent company, branch company or subsidiary of the product's issuer or guarantor shall act as the master agent (referred to as the "master agent"), provided that the issuer or guarantor must be:1. a subsidiary of the issuer that is located in the Republic of China, or a Taiwan parent company, branch company of an offshore subsidiary of the issuer; or2. a parent company, branch or subsidiary company of the guarantor that is located in the Republic of China, or a Taiwan branch company of an offshore subsidiary of the guarantor.The term "branch company" mentioned in the preceding paragraph is limited to the branch office of a foreign bank in Taiwan, the branch company of a foreign securities firm in Taiwan or the branch company of a foreign insurance company in Taiwan that is established with the approval of the Financial Supervisory Commission (referred to as "the FSC" hereunder).The parent company of an offshore structured product issuing institution or a guarantor mentioned in Paragraph 1 hereof shall meet the following criteria:1. the domestic bank, domestic securities firm, or domestic insurance company of a foreign financial holding company, bank, securities firm or insurance company is established in Taiwan with the approval of the FSC and its parent entity holds more than 50% of the shares through direct or indirect investment; and2. the parent company agrees to be jointly and severally liable with the offshore structured product issuing institution or the guarantor for the offshore structured product.The subsidiary of an offshore structured product issuing institution or a guarantor mentioned in Paragraph 1 hereof shall meet the following criteria:1. the subsidiary bank, securities firm, or insurance company of a foreign financial holding company, bank, securities firm or insurance company is established in Taiwan with the approval of the FSC and its parent entity holds more than 50% of the shares of said subsidiary through direct or indirect investment; and2. the subsidiary agrees to be jointly and severally liable with the offshore structured product issuing institution or the guarantor for the offshore structured product.A "foreign financial holding company" as referred to in the preceding two paragraphs shall meet the following criteria:1. it is supervised by a foreign financial supervisory and regulatory authority; and2. its capital adequacy ratios meet Basel III requirements.
中文原文 境外結構型商品管理規則第6條
境外結構型商品發行機構應於中華民國境內設有分公司（以下簡稱發行人）。
其未設有分公司者，應由下列規定之該商品發行機構或保證機構之母公司、分公司或子公司擔任總代理人（以下簡稱總代理人）：
一、發行機構在中華民國境內之母公司、子公司或其境外子公司之在臺分公司。
二、保證機構在中華民國境內之母公司、分公司或子公司，或其境外子公司之在臺分公司。
前項所稱分公司以經金融監督管理委員會（以下簡稱本會）核准設立之外國銀行在臺分行、外國證券商在臺分公司或外國保險公司在臺分公司為限。
第一項所稱發行機構或保證機構境內母公司應符合下列條件：
一、經本會核准設立且對外國金融控股公司、外國銀行、外國證券商或外國保險公司直接或間接轉投資持股逾百分之五十之本國銀行、本國證券商或本國保險公司。
二、該母公司同意就發行機構或保證機構所負境外結構型商品之義務負連帶責任。
第一項所稱發行機構或保證機構子公司應符合下列條件：
一、外國金融控股公司、外國銀行、外國證券商或外國保險公司直接或間接轉投資且持股逾百分之五十之銀行、證券商或保險子公司。
其屬中華民國境內子公司者，應經本會核准在臺設立。
二、該子公司同意就發行機構或保證機構所負境外結構型商品之義務負連帶責任。
前二項所稱外國金融控股公司應符合下列條件：
一、受外國金融監督管理機關監理。
二、資本適足率須符合巴塞爾資本協定三之規範。
其未設有分公司者，應由下列規定之該商品發行機構或保證機構之母公司、分公司或子公司擔任總代理人（以下簡稱總代理人）：
一、發行機構在中華民國境內之母公司、子公司或其境外子公司之在臺分公司。
二、保證機構在中華民國境內之母公司、分公司或子公司，或其境外子公司之在臺分公司。
前項所稱分公司以經金融監督管理委員會（以下簡稱本會）核准設立之外國銀行在臺分行、外國證券商在臺分公司或外國保險公司在臺分公司為限。
第一項所稱發行機構或保證機構境內母公司應符合下列條件：
一、經本會核准設立且對外國金融控股公司、外國銀行、外國證券商或外國保險公司直接或間接轉投資持股逾百分之五十之本國銀行、本國證券商或本國保險公司。
二、該母公司同意就發行機構或保證機構所負境外結構型商品之義務負連帶責任。
第一項所稱發行機構或保證機構子公司應符合下列條件：
一、外國金融控股公司、外國銀行、外國證券商或外國保險公司直接或間接轉投資且持股逾百分之五十之銀行、證券商或保險子公司。
其屬中華民國境內子公司者，應經本會核准在臺設立。
二、該子公司同意就發行機構或保證機構所負境外結構型商品之義務負連帶責任。
前二項所稱外國金融控股公司應符合下列條件：
一、受外國金融監督管理機關監理。
二、資本適足率須符合巴塞爾資本協定三之規範。