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Amendments

Title：

Standards Governing the Establishment of Securities Firms  CH

Amended Date： 2021.05.06 
Article Content Chapter Content Search Article No. Search Legal Basis Subordinate Legislation Amended Article Legislative History Chinese

Title： Standards Governing the Establishment of Securities Firms(2020.01.15)
Date：
Article 3     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; if the securities dealer operates only the business of proprietary trading of security tokens (virtual currencies that have the nature of securities), the minimum paid-in capital shall be NT$100 million.
  3. A securities broker: NT$200 million; if the securities broker operates only equity crowdfunding business, the minimum paid-in capital shall be NT$50 million.
    The minimum paid-in capital required in the preceding paragraph shall be fully collected by the promoters at the time of incorporation.
Article 11     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 or equity crowdfunding business 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 or equity crowdfunding business is not subject to the provisions of the preceding paragraph.