Regulations Governing Foreign Exchange Business of Securities Enterprises Article 49

A DSF that intends to participate in the interbank foreign exchange market involving NTD shall first make sure that it is free of the situations in Subparagraphs 2 ~ 5, Paragraph 1 of Article 9 herein and apply to the Bank for approval by submitting the following documents:1.A statement of regulatory compliance;2.Document evidencing that the DSF has been approved to engage in business under Subparagraph 2, Paragraph 1 of Article 4 herein and a solid record of conducting such business;3.Document evidencing that the DSF is free of any sanction imposed by the FSC pursuant to Subparagraphs 2 ~ 4, Article 66 of the “Securities and Exchange Act” in the preceding one year; and4.Document evidencing that the DSF has not been suspended or restricted from trading by TWSE, TPEx or Taiwan Futures Exchange pursuant to their operating rules or bylaws in the preceding one year.