Regulations Governing Foreign Exchange Business of Securities Enterprises Article 21
A securities enterprise that intends to engage in the underwriting of foreign currency denominated international bonds shall apply to the Bank for approval by submitting documents provided in Article 7 herein and documents evidencing its qualifications as specified below:1.Having the qualification to underwrite domestic securities.2.Meeting one of the criteria below:(1)Having a long-term credit rating of BBB (or equivalent) or higher for the latest year from a credit rating agency approved or recognized by the FSC or an internationally known credit rating agency; or(2)For a branch of a foreign securities firm in Taiwan, its head office has practical experience in underwriting foreign securities.3. The regulatory capital adequacy ratio shall meet one of the following requirements:(1)For domestic securities firms, the regulatory capital adequacy ratio in the six months before the date of application shall be at least 200%; for banks and bills finance companies engaging concurrently in securities business, the regulatory capital adequacy ratio shall reach the statutory ratio;(2)For branches of foreign securities firms in Taiwan, their head office shall meet the criteria provided in the preceding item or Paragraph 3, Article 59 of the “Regulations Governing Securities Firms”.4. Free of any of the following sanctions:(1)Any sanction imposed by the FSC during the preceding one year acting pursuant to any of Subparagraphs 2 ~ 4, Article 66 of the “Securities and Exchange Act”; and(2)Any sanction during the preceding one year whereby the TPEx, acting pursuant to its operating rules or bylaws, has suspended or restricted the firm's trading privileges.5. No accumulated loss as shown in its latest CPA audited or certified financial statements.
中文原文 證券業辦理外匯業務管理辦法第21條
證券業辦理外幣計價國際債券承銷業務，除備文檢附第七條之書件外，並應檢附符合下列資格之證明文件，向本行申請許可：
一、具有承銷國內有價證券業務資格。
二、具備下列條件之一：
（一）經金管會核准或認可之信用評等機構或國際知名信用評等機構最近一年評定之長期評等達BBB級（或同等級）以上。
（二）外國證券商在臺分支機構其總公司具有承銷外國有價證券之實際經驗。
三、自有資本適足比率，應符合下列規定之一：
（一）本國證券商申請日前半年自有資本適足比率應達百分之二百以上，銀行及票券等兼營證券商應達法定比率以上。
（二）外國證券商在臺分支機構其總公司應達前目標準或符合證券商管理規則第五十九條第三項之規定。
四、未曾受下列處分：
（一）最近一年未曾受金管會依證券交易法第六十六條第二款至第四款規定之處分。
（二）最近一年未受櫃買中心依其營業細則或業務章則為停止或限制買賣之處分。
五、經會計師查核簽證或核閱之最近期財務報告無累積虧損。
一、具有承銷國內有價證券業務資格。
二、具備下列條件之一：
（一）經金管會核准或認可之信用評等機構或國際知名信用評等機構最近一年評定之長期評等達BBB級（或同等級）以上。
（二）外國證券商在臺分支機構其總公司具有承銷外國有價證券之實際經驗。
三、自有資本適足比率，應符合下列規定之一：
（一）本國證券商申請日前半年自有資本適足比率應達百分之二百以上，銀行及票券等兼營證券商應達法定比率以上。
（二）外國證券商在臺分支機構其總公司應達前目標準或符合證券商管理規則第五十九條第三項之規定。
四、未曾受下列處分：
（一）最近一年未曾受金管會依證券交易法第六十六條第二款至第四款規定之處分。
（二）最近一年未受櫃買中心依其營業細則或業務章則為停止或限制買賣之處分。
五、經會計師查核簽證或核閱之最近期財務報告無累積虧損。