|
Article 7
|
In filing an application with the FSC for approval, the promoters of a securities firm shall according to the type of business which it operates, deposit the amount prescribed below with the bank designated by the FSC:<br/>1. A securities underwriter: NT$40 million.<br/>2. A securities dealer: NT$10 million.<br/>3. A securities broker: NT$50 million. However, if the securities broker will operate only the following business, the amount shall be NT$10 million:<br/>A. Operates only equity crowdfunding business.<br/>B. Operates only brokerage business for trading and exchanging beneficial certificates of funds.<br/>The deposit prescribed in the preceding paragraph may be substituted by government bonds or financial bonds.<br/>The fund deposited in compliance with paragraph 1 shall not be removed before the company deposits the operation bond and obtains the incorporation registration; for a company whose application for the permit is rejected or whose permit is voided, the fund may be removed after the FSC informs the company.
|