• Font Size:
  • S
  • M
  • L

Article NO. Content


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

Amended Date: 2022.11.07 
33     For an application for a securities firm's branch unit to conduct business set out in Point 2, paragraph 1, subparagraph 2 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 for approval:
  1. Documentary proof of that the securities firm's head office has obtained the approval from the competent authority to operate wealth management and trust businesses.
  2. Minutes of the meeting at which the board of directors passed the resolution to apply to operate this line of business.
  3. Documentary proof of the effectiveness of the internal control system and risk management culture, passed by resolution of the board of directors:
    1. The securities firm has specifically corrected any material defects in internal controls.
    2. The securities firm has properly handled customer complaint cases and maintains good quality in treating customers fairly.
    3. The board of directors and senior management personnel effectively implement corporate governance and take measures to enhance the effectiveness of the risk management culture.
  4. Business plan, with content including the following items:
    1. Business planning: the trust business activities, types of trust business, and operational procedures and risk management for operating this line of business.
    2. Accounting system.
    3. Internal control system and internal audit system.
    4. Matters concerning protecting the rights and interests of customers.
    5. Business operation capability and investment of resources: staffing and equipment assessment (including information systems), plans for professional talent development and training for the next three years, salary and compensation incentives and performance evaluation system.
  5. A list of personnel that operate and manage trust business, and documentary proof of their qualifications.
  6. A written statement of the non-existence of the circumstances listed in Article 2 of the Regulations Governing Expertise or Experience with respect to the responsible person of the branch unit.
  7. Other documents as required by FSC regulations.
    Where the head office and a branch unit of a securities firm simultaneously apply for the approval to conduct the business under the preceding paragraph, they may consolidate the identical application documents.