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Article 3
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A securities firm shall be established as a company limited by shares. The minimum paid-in capital for a securities firm, according to the type of business which it operates, shall be as follows:
1. A securities underwriter: NT$400 million.
2. A securities dealer: NT$400 million. However, if the securities dealer operates only the following business, the minimum paid-in capital shall be NT$100 million:
A. Operates only the business of proprietary trading of security tokens (virtual currencies that have the nature of securities).
B. Operates only the business of proprietary trading of specific foreign bonds.
2. A securities broker: NT$200 million. However, if the securities broker operates only the following business, the minimum paid-in capital shall be NT$50 million:
A. Operates only equity crowdfunding business.
B. Operates only brokerage business for trading and exchanging beneficial certificates of funds.
The minimum paid-in capital required in the preceding paragraph shall be fully collected by the promoters at the time of incorporation.
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Article 11
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Securities firms shall establish a system of internal control referred to in Article 10, paragraph 1, subparagraph 4 in accordance with the Regulations Governing Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets and the regulations for establishing internal control systems by securities firms jointly prescribed by the TWSE and other related institutions.
Securities firms operating security token proprietary trading business, equity crowdfunding business, brokerage business for trading and exchanging beneficial certificates of funds, or proprietary trading of specific foreign bonds shall handle their internal control system in accordance with applicable rules adopted by the TPEx. A securities firm that operates only security token proprietary trading business, equity crowdfunding business, brokerage business for trading and exchanging beneficial certificates of funds, or proprietary trading of specific foreign bonds is not subject to the provisions of the preceding paragraph.
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