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Article 54
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Where an overseas subsidiary company invested by a securities firm invests in another institution or where an institution invested by an overseas subsidiary company sub-invests in another institution, if such investment constitutes a substantial controlling and subordinate relationship as regulated under the Affiliated Enterprises Chapter of the Company Act, unless otherwise provided by the FSC, a report shall be made to the FSC for approval before proceeding with the investment.<br/>For investment under the preceding paragraph that has been approved by the FSC, within 10 days after the actual investment, the related documents shall be provided to the FSC for recordation.<br/>A securities firm investing in an overseas enterprise in accordance with paragraph 1 above may submit the management rules for the foreign invested enterprise required under subparagraph 5 of Article 51 and subparagraph 5 of Article 52 along with the documents referred to in the preceding paragraph to the FSC for recordation within 10 days after the actual investment.
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