Taiwan Stock Exchange - Rules & Regulations Directory
Article NO. Content
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:
- Documentary proof that the securities firm's head office has obtained the approval from the competent authority to operate this line of business.
- Minutes of the meeting at which the board of directors passed the resolution to apply to operate this line of business.
- Business plan: The operational procedures and internal controls (including internal audit system) for operating this line of business.
- 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.