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Article 7
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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:
- A securities underwriter: NT$40 million.
- A securities dealer: NT$10 million.
- A securities broker: NT$50 million. However, if the securities broker will operate only the following business, the amount shall be NT$10 million:
- Operates only equity crowdfunding business.
- Operates only brokerage business for trading and exchanging beneficial certificates of funds.
The deposit prescribed in the preceding paragraph may be substituted by government bonds or financial bonds.
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 revoked, the fund may be removed after the FSC informs the company.
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