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

Section 7　　Accepting Orders to Trade Foreign Securities

Article 37   
A securities enterprise that intends to accept orders to trade foreign securities for 
the first time shall apply to the Bank for approval by submitting documents provided in 
Article 6 herein, and in addition, a business plan (including operational principles and 
business practice, procedures of handling of receipt/payment and operation).
when a securities enterprise already approved by the Bank to accept orders to trade 
foreign securities with receipt/payment of settlement and fees in foreign currency 
intends to engage in receipt/payment in NTD, the securities enterprise only needs to 
submit the following additional documents to the Bank to apply for approval:
1.A photocopy of the Bank’s letter of approval for the securities enterprise to accept 
　orders to trade foreign securities with receipt/payment of settlement and fees in 
　foreign currency;
2.A photocopy of letter of approval from the FSC;
3.A statement supporting that the applicant’s computer system is able to meet the 
　requirements set out in Article 38 herein regarding receipts and payments in different 
　currencies; and
4.A description of the controls for receipts and payments of settlement and fees in 
　different currencies.

Article 38 
When a securities enterprise  accepts orders to trade foreign securities, the 
securities enterprise shall comply with the following rules with regard to 
receipt/payment of settlement and fees with clients:
1.When a client designates the settlement to be made in a foreign currency, the related 
　receipt/payment shall be made in the foreign currency; and
2.When a client designates the settlement to be made in NTD, the related receipt/payment 
　shall be made in NTD.