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:<br/>1. A securities underwriter: NT$400 million.<br/>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:<br/>A. Operates only the business of proprietary trading of security tokens (virtual currencies that have the nature of securities).<br/>B. Operates only the business of proprietary trading of specific foreign bonds.<br/>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:<br/>A. Operates only equity crowdfunding business.<br/>B. Operates only brokerage business for trading and exchanging beneficial certificates of funds.<br/>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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