|
Article 2
|
No person may act as an agent for the offering and sale of offshore funds within the territory of the Republic of China ("Taiwan") without having first obtained approval from, or effective registration with, the Financial Supervisory Commission (FSC).<br/>"Approval" of an application in the preceding paragraph refers to the FSC reviewing the relevant documents submitted by the master agent and granting approval if no irregularities are found.<br/>"Effective registration" in paragraph 1 refers to the master agent duly submitting a filing with all the relevant documents to the FSC, with the registration for the case becoming effective upon the expiration of a certain number of business days counting inclusively from the date that the FSC receives the filing documents, unless the required content of the filing documents is not fully furnished, supplementation or explanation is required to protect the public interest, or the filing is rejected by the FSC.<br/>"Business days" in the preceding paragraph means trading days in the securities market.
|