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Article NO. Content


Offshore Banking Act  CH

Amended Date: 2016.12.28 
Article 22-5 An offshore securities branch may designate another branch of the same securities firm that has been authorized by the CBC to conduct foreign exchange business (the "designated branch") to handle the business activities set out in paragraph 1 of the preceding Article. The business handled by the designated branch shall be booked on the account books of the offshore securities branch.
The scope of business that the designated branch may handle includes cross-strait securities business approved by the competent authorities in accordance with the Act Governing Relations between the People of the Taiwan Area and the Mainland Area. The control and supervision of such activities shall be handled in accordance with the regulations related to cross-strait securities business. The offshore securities branch shall coordinate and be responsible for such control and supervision.
If the designated branch charges the offshore securities branch reasonable fees for handling any of the offshore securities branch's activities in order to pay for operating expenses, such revenue shall be booked as the designated branch's income and be duly subject to taxation. If the designated branch does not charge the offshore securities branch any such fees, the expenses for handling the offshore securities branch's businesses may not be booked as expenses.