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Article 52
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A securities firm applying for investment in a foreign enterprise shall provide the following documents to the FSC to apply for approval:<br/>1. The company's articles of incorporation or document equivalent to the company's articles of incorporation.<br/>2. Investment plan: shall include the purpose of investment, anticipated benefits, sources of capital, capital recovery plan, the estimated income/expenses/profits of the invested foreign enterprise of each year for the next 3 years, etc.<br/>3. Minutes of the board of directors' or board of governors' meeting or minutes of the shareholders' meeting resolution.<br/>4. Most recent financial report, audited and attested or reviewed by the certified public accountants.<br/>5. Management rules shall be established for those invested or sub-invested overseas enterprises in which the investment shareholding percentage will exceed 50 percent. The contents of such management rules shall include the following items:<br/>A. The scope of management.<br/>B. The direction and principles of management.<br/>C. The management of financial, business, and accounting affairs.<br/>D. The management of assets.<br/>E. The financial statements to be regularly prepared.<br/>F. The method of regular internal auditing of finances and business.<br/>G. Others, such as: management of personnel operations, internal control auditing of the invested enterprises, etc.<br/>6. A list detailing the domestic and foreign invested enterprises as of the date of application.<br/>7. General description of the invested foreign enterprise including: a synopsis of the company, the company organization, capital and shares, scope of business, and financial condition for the most recent 3 fiscal years, etc.<br/>8. The investment (or joint venture) agreement.<br/>9. Other documents required by the FSC.
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