| Article 7 |
In filing an application with the FSC for permission, the promoters of a securities firm shall, according to the type of business which it operates, deposit the amount prescribed below with the bank designated by the FSC:<br/>1. A securities underwriter: NT$40 million.<br/>2. A securities dealer: NT$10 million.<br/>3. A securities broker: NT$50 million. However, if the securities broker will operate only the following business, the amount shall be NT$10 million:<br/>A. Operates only equity crowdfunding business.<br/>B. Operates only brokerage business for trading and exchanging beneficial certificates of funds.<br/>The deposit prescribed in the preceding paragraph may be substituted by government bonds or financial bonds.<br/>The funds deposited under paragraph 1, if establishment is permitted, may be utilized only after the incorporation of the company has been registered and the operation bond has been deposited. If establishment is not permitted or the permission is voided, the FSC will give notice to withdraw the funds. |
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