| Title： |
Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities(2009.11.20) |
| Date： |
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Article 6
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Principals with which securities firms enter into brokerage contracts for trading of foreign securities shall be limited to the following parties:
1. Domestic and foreign natural persons.
2. Companies, businesses, or associations that have been approved and registered by the Government of the Republic of China or a foreign government.
3. Government funds establishment with the approval of the government of the Republic of China, securities investment trust funds, special ledger assets for investment-linked insurance, and discretionary investment accounts.
When any of the following circumstances apply to any of the parties referred to in the Subparagraphs of the preceding Paragraph, a securities firm shall not accept its account opening, and where an account has been opened, such account shall be cancelled:
1. The party is a minor acting without the representation of a statutory agent
2. The party has been adjudged bankrupt and not reinstated.
3. The party has been declared by a court to be under guardianship, where such declaration has not yet been voided.
4. The party has been authorized by a juristic person to open an account, but is unable to produce a power of attorney from such juristic person authorizing the account opening.
5. The party has a record of breaching a securities trading contract, and the case has not been settled while less than five years have passed.
6. The party has been sentenced under the Securities and Exchange Act to a penalty of equal or greater severity to the imposition of a criminal fine, and three years have not elapsed since the completion of sentence execution, the expiration of suspension of sentence, or the pardon of such punishment.
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Article 28
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These Regulations shall enter into force from the date of issuance.
Article 6 of these Regulations as amended on 20 November 2009 shall enter into force from 23 November 2009.
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