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A securities firm conducting the business of selling securities services information technology or risk management know-how shall meet the following qualifications:
- Simultaneously operates the three types of business of securities underwriting, proprietary trading, and commission agency or brokerage, and is already engaged in call (put) warrant and over-the-counter financial derivative trading business.
- Its own capital adequacy ratio reported for each month of the half-year preceding the application date must have exceeded 200 percent.
- Its net worth stated on its CPA audited and attested financial report for the most recent period is not less than paid-in capital; its financial condition meets the requirements of Articles 13, 14, 16, 18, 18-1, and 19 of the Regulations Governing Securities Firms.
- Status of legal compliance (i.e., sanctions for violations):
- Has not, within the past 3 months, been sanctioned under Article 66, subparagraph 1 of the Securities and Exchange Act or Article 100, subparagraph 1 of the Futures Trading Act.
- Has not, within the past 6 months, been sanctioned under Article 66, subparagraph 2 of the Securities and Exchange Act or Article 100, subparagraph 2 of the Futures Trading Act.
- Has not, within the past 1 year, had its business suspended by a disposition of the competent authority.
- Has not, within the past 2 years, had its permission for any part of its business voided by a disposition of the competent authority.
- Has not, within the past 1 year, had its trading suspended or restricted by a disposition of the Taiwan Stock Exchange (TWSE), Taipei Exchange, or Futures Exchange pursuant to the rules or bylaws thereof.
- Officers and related personnel conducting the business of selling securities services information technology or risk management know-how shall comply with the provisions of Articles 5 and 6 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms and shall have had 1 year or more of actual experience engaging in securities or risk management related business.
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