Regulations Governing Internal Operating Systems and Procedures for Banks Conducting Financial Derivatives Business Article 3
The term "professional customer" as used in these Regulations shall mean a juristic person or individual that meets one of the following criteria:1. A professional institutional investor, which includes 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, Agriculture Bank of Taiwan, postal service institutions which handle the deposit, transfer and withdrawal of funds, and other institutions approved by the Financial Supervisory Commission (called the "Commission" hereunder).2. A juristic person meeting all of the following criteria, or the subsidiary fully owned and guaranteed by such juristic person, or the branch in Taiwan of a foreign juristic person meeting all of the following criteria, and having applied in writing to the bank for the status of a high net worth corporate investor:(1) A juristic person with net worth exceeding NT$20,000,000,000according to its latest CPA-audited or reviewed financial report.(2) The juristic person has a dedicated investment unit that is staffed by capable professionals and is responsible for making decision on financial derivative transactions for such juristic person itself, its fully-owned subsidiary, or its branch in Taiwan, 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 experiences 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$1,000,000,000according to its latest CPA-audited or reviewed financial report.(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 bank for the status of professional customer:(1) A juristic person or fund has total assets exceeding NT$100,000,000 according to its latest CPA-audited or reviewed financial report;(2) The person authorized by the customer to undertake trading possesses sufficient professional knowledge, trading experience in financial products; and(3) The customer agrees to sign on as a professional customer after understanding fully that the bank is exempted from certain responsibilities towards professional customers in conducting financial derivative transactions.4. An individual meeting all of the following criteria and having applied in writing to the bank for the status of professional customer:(1)The person has proof of financial capacity at least NT$30,000,000; or has carried out a transaction exceeding NT$3,000,000 in value, and in addition, his/her deposits and investments at and through the bank are 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 agrees to sign on as a professional customer after understanding fully that the bank is exempted from certain responsibilities towards professional customers in conducting financial derivative transactions.5.A trust enterprise that has entered into a trust agreement with a trustor and the trustor meets the criteria set forth in one of the three previous subparagraphs hereof.A bank is responsible for conducting reasonable investigation to verify that a customer meets the qualification criteria for a professional customer as set forth in the preceding paragraph, obtaining reasonable and credible corroborative evidence from the customer and carrying out at least one review every year to ensure that the customer continues to meet the qualification criteria for a professional customer. Notwithstanding, if the customer is an exchange-listed or an OTC-listed company, the bank may be exempted from obtaining the evidence of the qualifications of the manager of the dedicated investment unit, or the authorized trading personnel.The evaluation method of a bank for assessing whether a professional customer other than a professional institutional investor possesses sufficient professional knowledge, management experience, or trading experience in financial products shall be included in the “Know Your Customer” procedure and be approved by the bank’s board of directors.
中文原文 銀行辦理衍生性金融商品業務內部作業制度及程序管理辦法第3條
本辦法所稱專業客戶，係指法人與自然人符合下列條件之一者：
一、專業機構投資人：係指銀行、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、全國農業金庫、辦理儲金匯兌之郵政機構及其他經金融監督管理委員會（以下簡稱本會）核准之機構。
二、同時符合下列條件之法人，或由該法人持股百分之百且提供保證之子公司，或同時符合下列條件之外國法人之在臺分公司，並以書面向銀行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。
（二）設有投資專責單位負責該法人或其持股百分之百之子公司或其在臺分公司之衍生性金融商品交易決策，並配置適任專業人員，且該單位主管具備下列資格條件之一：1.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。
（四）內部控制制度具有合適投資程序及風險管理措施。
三、同時符合下列條件，並以書面向銀行申請為專業客戶之法人或基金：
（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一億元。
（二）經客戶授權辦理交易之人，具備充分之金融商品專業知識、交易經驗。
（三）客戶充分了解銀行與專業客戶進行衍生性金融商品交易得免除之責任後，同意簽署為專業客戶。
四、同時符合下列條件，並以書面向銀行申請為專業客戶之自然人：
（一）提供新臺幣三千萬元以上之財力證明；或單筆交易金額逾新臺幣三百萬元，且於該銀行之存款及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）客戶具備充分之金融商品專業知識、交易經驗。
（三）客戶充分了解銀行與專業客戶進行衍生性金融商品交易得免除之責任，同意簽署為專業客戶。
五、簽訂信託契約之信託業，其委託人符合前三款之一規定。
前項各款有關專業客戶應符合之資格條件，應由銀行盡合理調查之責任，向客戶取得合理可信之佐證依據，並應至少每年辦理一次覆審，檢視客戶續符合專業客戶之資格條件。
但對屬上市上櫃公司之客戶，得免向客戶取得投資專責單位主管或經授權辦理交易之人具備資格條件之佐證依據。
銀行針對非屬專業機構投資人之專業客戶具備充分金融商品專業知識、管理或交易經驗之評估方式，應納入瞭解客戶程序，並報經董（理）事會通過。
一、專業機構投資人：係指銀行、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、全國農業金庫、辦理儲金匯兌之郵政機構及其他經金融監督管理委員會（以下簡稱本會）核准之機構。
二、同時符合下列條件之法人，或由該法人持股百分之百且提供保證之子公司，或同時符合下列條件之外國法人之在臺分公司，並以書面向銀行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。
（二）設有投資專責單位負責該法人或其持股百分之百之子公司或其在臺分公司之衍生性金融商品交易決策，並配置適任專業人員，且該單位主管具備下列資格條件之一：1.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。
（四）內部控制制度具有合適投資程序及風險管理措施。
三、同時符合下列條件，並以書面向銀行申請為專業客戶之法人或基金：
（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一億元。
（二）經客戶授權辦理交易之人，具備充分之金融商品專業知識、交易經驗。
（三）客戶充分了解銀行與專業客戶進行衍生性金融商品交易得免除之責任後，同意簽署為專業客戶。
四、同時符合下列條件，並以書面向銀行申請為專業客戶之自然人：
（一）提供新臺幣三千萬元以上之財力證明；或單筆交易金額逾新臺幣三百萬元，且於該銀行之存款及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）客戶具備充分之金融商品專業知識、交易經驗。
（三）客戶充分了解銀行與專業客戶進行衍生性金融商品交易得免除之責任，同意簽署為專業客戶。
五、簽訂信託契約之信託業，其委託人符合前三款之一規定。
前項各款有關專業客戶應符合之資格條件，應由銀行盡合理調查之責任，向客戶取得合理可信之佐證依據，並應至少每年辦理一次覆審，檢視客戶續符合專業客戶之資格條件。
但對屬上市上櫃公司之客戶，得免向客戶取得投資專責單位主管或經授權辦理交易之人具備資格條件之佐證依據。
銀行針對非屬專業機構投資人之專業客戶具備充分金融商品專業知識、管理或交易經驗之評估方式，應納入瞭解客戶程序，並報經董（理）事會通過。