Taiwan - Regulations Governing Establishment And Compliance Of Offshore Securities Unit

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Asia Pacific Legal Updates

 

25 September, 2017

 

Taiwan - Regulations Governing Establishment And Compliance Of Offshore Securities Unit

 

Said Regulations requires the following qualifications for a securities dealer to establish OSU in Taiwan:

 

(1) it must concurrently operates securities brokerage, underwriting and dealing and its net worth shown in the most recent CPA-audited and certified financial report satisfies the standards established by the FSC; in the case of a foreign securities broker, the fund allocated exclusively for operation of the branch office within the ROC territory must not be lower than such standards;

 

(2) its financial conditions and its own capital adequacy ratio shall meet the FSC requirement;

 

(3) it is in compliance with the law, soundly managed, and has not been subject to any disciplinary action for any material violation during the 3 years prior to the application, or, if it was subject to a disciplinary action, the circumstances resulting in the disciplinary action have been materially improved and the improvement is confirmed and approved by the FSC or the Central Bank (Taiwan). 

 

 

For further information, please contact:  

 

C. Y. Huang, Partner, Tsar & Tsai Law Firm

CYHuang@TsarTsai.com.tw