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Laws and Regulations Database of the Central Bank of the Republic of China-Article Content
[Law Basis] [Print]

I.  General Provisions

〈Purpose〉
1.The Central Bank of the Republic of China (Taiwan)(hereafter referred to as "the 
 Bank") has prescribed these Directions to establish an online network operation 
 system for the Bank's open market operations (hereafter referred to as "this 
 System").

〈Applicable laws and regulations〉
2. Except where provided for in these directions, relevant operations of 
  this System shall be conducted in compliance with the "Electronic Signatures
  Law", "Directions for Open Market Operations by the Central Bank of the 
  Republic of China (Taiwan)", "Directions Governing Designated Dealers for 
  Open Market Operations", "the Government Certification Authority Certificate 
  Practice Statement", "the MOEA Certification Authority Certificate Practice
  Statement" and other relevant laws and regulations.

〈Transmission of information〉
3.This System shall employ a digital signature mechanism to transmit information
 ; the Government Certification Authority and the MOEA Certification Authority
 shall provide authentication and certificate issuance and management services,
 accept online institutions' applications for issuance or revocation of
 certificates and private keys and verify identities based on their respective
 Certification Practice Statement.

〈Application procedure〉
4. Financial institutions intending to apply to participate in this System as
  online units shall submit official letters and "Application for Open Market
  Operations Online Network Operation System" (Form 1) to the Department of 
  Banking of the Bank (hereafter referred to as "the Department of the Banking").
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