〈Application to act as a participating dealer of an offshore ETF〉
Article 31
When a securities enterprise intends to act as a participating dealer for an
offshore exchange traded fund (hereinafter referred to as “ETF”) to process
(on a brokerage basis) or engage in (on a proprietary basis) purchase or
redemption of an offshore ETF in Taiwan (hereinafter referred to as “offshore
ETF participating dealer business), the securities enterprise shall apply to
the Bank for approval or report to the Bank for record by submitting the
following documents before commencing the business:
1.When acting as a participating dealer of an offshore ETF for the first time,
the securities enterprise shall apply to the Bank for approval by submitting
documents provided in Article 7 herein, and in addition, documents evidencing
approval from or completing effective registration with the FSC for the ETF
and a business plan (including business profile, operating process,
receipt/payment procedure, and hedging arrangements).
2.When the securities enterprise subsequently intends to act as a participating
dealer for another offshore ETF, it only needs to report to the Bank for
record before commencement by submitting documents evidencing approval from
or completing effective registration with the FSC for that ETF.