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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:
- A securities underwriter: NT$400 million.
- 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.
- 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:
- Operates only equity crowdfunding business.
- Operates only brokerage business for trading and exchanging beneficial certificates of funds.
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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