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Relevant Laws

Title：Regulations Governing the Administration of Credit Rating Agencies (2015.12.31)
Article 2     The term "credit rating agency" as used in these Regulations shall mean a company which, in an independent, objective, and impartial spirit, rates the degree of credit risk of the subject being rated or its performance.
    The term "internationally recognized credit rating agency" as used in these Regulations shall mean a credit rating agency that has been in business for no less than five years and has performed credit rating for no fewer than five international bond issues in which the aggregate value of subject being rated was greater than US$500 million.
    The term "associated persons" as used in these Regulations shall mean persons who are directly involved in credit rating business.
Article 5     An internationally recognized credit rating agency applying to establish a branch office in the R.O.C. shall submit relevant certified documents and certificate of working capital in the amount of NT$50 million for business purposes to the FSC for approval.
    A branch office so established shall not be subject to the restrictions of paragraph 1 of the preceding article.