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

Section 2　　Proprietary Trading of Foreign Securities

Article 21   
A securities enterprise that intends to engage in proprietary trading of foreign 
securities shall apply to the Bank for approval by submitting documents provided in 
Article 6 herein, and in addition, photocopies of the latest CPA audited or certified 
financial statements, procedure for handling receipt/payment, process description and 
other documents required by the Bank, provided such trading is neither an investment 
of proprietary funds nor done to meet hedging purpose.

Article 22 
When a securities enterprise engages in business mentioned in the preceding article, 
related receipt/payment shall always be made in the denominated currency of the 
security.

Article 23 
Securities enterprises may not sell the foreign currency fund they receive from repo 
trade for NTD, and the sources of funds for settlement payment upon expiration may not 
come from foreign exchange purchase made with NTD.