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

Chapter 2　　Commissioning of Central Government Bond Dealers

3.Banks, Chunghwa Post Co., Ltd., bills finance companies, securities firms, and 
　insurance enterprises which meet the following criteria may, in accordance with 
　these Directions, apply to the Department of the Treasury of the Bank 
　(hereinafter called “the Department of the Treasury ") for being delegated as 
　central government bond dealers (hereinafter called “dealers") to participate in
　auctions,placements and buybacks of central government bonds:
（1）The applicant, unless an insurance enterprise, has received approval from the 
　　 competent securities authority to trade government securities in an over-the-
　　 counter market on its own account.
（2）Net income after taxes in the latest fiscal year.
（3）Paid-in capital equals to or more than NT$1 billion and net worth per share 
　　 above par value.
　Any financial institution having been delegated by the Bank to handle bond 
　operations prior to the adoption of these Directions may apply to the Bank in 
　writing for being delegated as a dealer.

4.When applying to be delegated as a dealer, the applicant shall fill out a Central
　Government Bond Dealer Application Form (Form 1) and attach a copy of the
　relevant certificates and licenses and documents for verification of financial
　status, and submit them to the Department of the Treasury . 
　Applications may be approved by the Bank based on need as determined by
　bond market development.

5.After being delegated by the Bank, a dealer shall fill out an“Application
　for Participation in On-line Bidding for Central Government Bonds and Treasury
　Certificates" and submit it to the Department of the Treasury along with a sample 
　seal impression card. The institution shall also immediately prepare system on-
　line connections and complete testing of on-line connections within two months 
　from the date of being delegated as a dealer. Where an institution fails to 
　complete the preparations within the prescribed time period, the Bank may revoke
　its qualification as a dealer. 
　The applicant shall immediately apply by letter for amendments in the event of
　any change in the information contained in the materials referred to in the
　preceding Paragraph.