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Article NO. Content

Title:

Regulations Governing Responsible Persons and Associated Persons of Securities Firms  CH

Amended Date: 2020.10.26 (Articles 10 amended,English version coming soon)
Current English version amended on 2020.01.15 
Article 12     The responsible persons and associated persons of a securities firm shall be registered by their firm with the stock exchange, securities dealers association, or over-the-counter stock exchange before performing their duties, and may not perform their duties without such registration.
    A securities firm that employs any person to engage in business other than the business under the subparagraphs of Article 2, paragraph 2, when that person has been dismissed from his or her position within the past 3 years by an order of the FSC pursuant to the Act, shall file with the stock exchange for registration of that person before their employment may effect.
    Under any of the following circumstances, the stock exchange, securities dealers association, or over-the-counter stock exchange shall refuse to grant a registration, and shall void a registration that has already been made:
  1. A responsible person of a securities firm conforms to any circumstance in Article 30 of the Company Act or Article 53 of the Act.
  2. An associated person of a securities firm conforms to any circumstance in paragraph 1 of Article 54 of the Act or fails to meet the qualifications in Articles 5 and 6.
    By the 15th day of each month, the stock exchange, securities dealers association or over-the-counter stock exchange shall report the status for the previous month of the registrations under the preceding three paragraphs for recordation by the FSC.