Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

Section 11　　Purchase and Redemption of Offshore ETFs Business

Article 46  
When a securities enterprise intends to act as a participating dealer for an offshore
ETF to process (on a brokerage basis) or engage in (on a proprietary basis) purchase 
or redemption of offshore ETFs in Taiwan (hereinafter referred to as “purchase and 
redemption of offshore ETFs business”), the securities enterprise shall, after 
obtaining approval from or completing effective registration with the FSC, apply to 
the Bank for approval by submitting documents provided in Article 6 herein and a 
business plan (including business introduction, operating process, receipt/payment
procedure, and hedging transactions).

Article 47   
Receipts and payments between the participating dealers and investors for the purchase
and redemption of an offshore ETF shall be made in NTD only.