• Font Size:
  • S
  • M
  • L
友善列印
WORD

Article NO. Content

Title:

Guidelines Governing the Creation of Customer Ledgers of Securities Firms' Settlement Accounts  CH

Amended Date: 2020.05.27 (Articles 2, 12, 15, 22 amended,English version coming soon)
Current English version amended on 2017.12.25 
Categories: Market Supervision > Regulation of Securities Firms
Article 5     The bank in Article 3 of these Guidelines shall meet the following conditions:
  1. If it is an R.O.C. bank (including subsidiaries of a foreign bank that are organized and registered in the R.O.C. under the Company Act), its equity ratio, tier 1 capital ratio and capital adequacy ratio shall conform to the following conditions:
    1. They may not be lower than the minimum ratio prescribed in Article 5, Paragraph 1, Subparagraphs 1 and 2 of the Regulations Governing the Capital Adequacy and Capital Category of Banks.
    2. The minimum ratio prescribed in the preceding item may not be lower than the increased ratio after a raise by the Financial Supervisory Commission pursuant to Article 5, Paragraph 2 of the Regulations Governing the Capital Adequacy and Capital Category of Banks.
  2. In the event of a branch in the R.O.C. of a foreign bank, the credit ratings of its head office shall meet any of the following standards:
    1. Long-term obligations are rated BBB- or above and short-term obligations A-3 or above by Standard & Poor's Ratings Services.
    2. Long-term obligations are rated Baa3 or above and short-term obligations P-3 or above by Moody's Investors Service, Inc.
    3. Long-term obligations are rated BBB- and short-term obligations F3 by Fitch Ratings Ltd.
    4. Long-term obligations are rated twBBB- and short-term obligations twA-3 by Taiwan Ratings Corporation.
    5. Long-term obligations are rated BBB- (twn) and short-term obligations F3 (twn) by Fitch Ratings Limited, Taiwan Branch.