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Article NO. Content

Title:

Directions for the Conduct of Wealth Management Business by Securities Firms  CH

Amended Date: 2015.01.21 
31     For an application for a securities firm's branch unit to conduct business set out in Point 2, paragraph 1, subparagraph 1 herein, the securities firm shall submit the application, together with following documents, to the TWSE, which shall review them and forward a report to the FSC. Approval to conduct the business is deemed to be granted if the FSC does not raise any objection within 15 days:
  1. Documentary proof that the securities firm's head office has obtained the approval from the competent authority to operate this line of business.
  2. Minutes of the meeting at which the board of directors passed the resolution to apply to operate this line of business.
  3. Business plan: The operational procedures and internal controls (including internal audit system) for operating this line of business.
  4. Other documents as required by FSC regulations.
    Where the head office and a branch unit of a securities firm simultaneously apply for approval to conduct the business under the preceding paragraph, they may consolidate the identical application documents.