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Article 31
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In filing an application with the FSC for a permit to establish a branch office, a foreign securities firm shall submit all of the following documentation:<br/>1. The application for establishment of the branch office (Annex 10).<br/>2. Certified copy of its articles of incorporation or document equivalent to articles of incorporation.<br/>3. Business plan: specifying the principles of business operation; internal organization and division of labor; personnel recruitment; overview of site and facilities; and financial forecasts for the next 3 years.<br/>4. Internal control system required by Article 11.<br/>5. Securities business license issued by the securities regulatory agency or an equivalent agency of its home country and documentation certifying compliance with the requirements under Article 28.<br/>6. Document issued by the competent securities authority of the home country of the foreign securities firm and its parent company approving its establishment of a branch office within the territory of the ROC.<br/>7. Documentary proof that the parent company of the foreign securities firm has approved its establishment of the branch office within the territory of the ROC and has made a commitment of financial responsibility regarding the branch office.<br/>8. List of directors, managerial officers, and shareholders who hold five percent or more of its shares.<br/>9. Certified copy of the minutes of the board of directors meeting at which the resolution to establish the branch office in the ROC was made.<br/>10. Names, nationalities, and domiciles of directors and other responsible persons.<br/>11. Names, nationalities and domiciles or residence and the power of attorney of designated agents for litigious and non-litigious matters in the ROC.<br/>12. Balance sheets and income statements audited and attested by CPAs for the most recent 3 years.<br/>13. Power of attorney designating the agent for the purpose of applying to the FSC for establishment of the branch office.<br/>14. Documentation of identification for the agent for litigious and non-litigious matters in the ROC.<br/>15. Documentation affirming the availability to the computer linkage as required under Article 8.<br/>16. Other documents as required by the FSC.<br/>If any of the aforesaid documentation is in a foreign language, it must be accompanied by a Chinese translation.
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