Regulations Governing Foreign Exchange Business of Securities Enterprises Article 3

The term "securities enterprises" as used in these Regulations shall mean securities firms and financial institutions, concurrently engaging in securities business, approved to establish and issued a license by the Financial Supervisory Commission (hereinafter referred to as “FSC") in accordance with the “Securities & Exchange Act” and the “Standards Governing the Establishment of Securities Firms”.The term “domestic securities firm approved to conduct spot foreign exchange transaction business” (hereinafter referred to as “DSF") as used in these Regulations shall mean a securities firm approved by the Central Bank of the Republic of China (Taiwan) (hereinafter referred to as “the Bank”) to conduct businesses set out in Subparagraph 2, Paragraph 1 of Article 4 herein.The provisions of Article 4 of the Regulations Governing Foreign Exchange Business of Banking Enterprises shall apply mutatis mutandis to the definitions of the terms "foreign exchange derivatives”, “complex high-risk foreign exchange derivatives”, “structured product”, “professional customer”, “professional institutional investor” and “high net worth corporate investor” used in these Regulations.