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Article 3
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In case of any of the following events, a securities firm shall report to the FSC for approval in advance:
- Change of name of the firm;
- Change of capital amount, working capital, or the fund for operating business;
- Change of the business premises of the firm or its branch office;
- Acquisition of the entire or major part of the business or assets of another person, or transfer of the entire or major part of the business or assets of the firm to another person;
- Merger or dissolution;
- Investment in foreign securities firms;
- Any other matters which under the regulation of the FSC shall be reported to and approved by the FSC in advance.
Where a securities firm has entered into a contract for using the centralized securities market with the TWSE , matters to be reported and approved as referred to in the preceding paragraph shall be submitted to the TWSE for transmittal to the FSC. Where a securities firm only entered into a contract for trading securities on the Taipei Exchange (the TPEx), the said submission shall be made to the FSC through the TPEx. Where no contract has been entered into, the submission shall be made to the FSC through a securities dealers' association.
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