1. Domestic securities firms approved to conduct foreign exchange business (hereinafter 
　 referred to as “DSFs”) shall assist customers to make truthful declarations pursuant 
　 to the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements 
　 or Transactions (hereinafter referred to as “the Regulations for Declaration”) when 
　 customers settle foreign exchange against New Taiwan dollar (NTD).

2. When carrying out spot transactions for customers, DSFs shall follow the Regulations 
　 Governing Foreign Exchange Business of Securities Enterprises (hereinafter referred to 
　 as “the Governing Regulations”) with regard to the business scope, amount and 
　 restrictions. The DSF shall first verify the securities transaction documents related 
　 to the spot transactions, and shall note that:
　 (1) When handling foreign exchange settlements associated with the businesses listed 
　　　 in the attachment for the same company, the DSF shall verify the veracity of the 
　　　 relevant documents listed in the attachment before processing the settlement. The 
　　　 declarant shall be the company’s head office, and the DSF needs not enquire the 
　　　 settlement amount nor count it toward the DSF’s or the customer’s aggregate 
　　　 settlement amount of the current year. If the verified document, such as the consent 
　　　 letter issued by the competent authority, clearly states the settlement amount for 
　　　 the transaction, the DSF shall make sure that the aggregate settlement amount does 
　　　 not exceed the amount approved by the competent authority.
　 (2) When handling foreign exchange settlements associated with businesses not listed in 
　　　 the attachment, the declarant shall be the head office of the securities firm or the 
　　　 customer depending on ownership or destination of the foreign exchange receipt, 
　　　 disbursement or transaction, and unless it is otherwise provided in the Regulations 
　　　 for Declaration and this Directions for DSF, the DSF should enquire the settlement 
　　　 amount online and count it toward the securities firm’s head office’s or the 
　　　 customer’s aggregate settlement amount of the current year.
　 (3) The DSF shall annotate the settlement date and amount on the relevant supporting 
　　　 documents and affix its signature/seal thereon, and then retain a photocopy of these 
　　　 documents along with the top copy of the Declaration Statement of Foreign Exchange 
　　　 Receipts and Disbursements or Transactions (hereinafter referred to as “Declaration 
　　　 Statement”) for future reference without submitting them to the Department of Foreign 
　　　 Exchange. The submission of other declaration information shall be carried out in 
　　　 accordance with relevant provisions of the Governing Regulations.

3. DSFs that handle the declaration of foreign exchange settlement against NTD 
　 in accordance with Subparagraph 3, Paragraph 1, Article 4 of the Regulations 
　 for Declaration shall enquire online and count the settlement amount toward 
　 the declarant's aggregate settlement amount of the current year, and shall 
　 note that:
　 (1) A DSF should prevent the declarants from using a third party's name to 
　　　 make the declaration.
　 (2) For the declaration of a non-resident's foreign exchange settlement, a 
　　　 DSF is not required to enquire online the declarant's aggregate 
　　　 settlement amount of the current year. 
　 (3) The enquiry record of the settlement amount shall be printed out on the 
　　　 DSF's receipt slip of the Declaration Statement to facilitate on-site 
　　　 examination by the Central Bank of the Republic of China (Taiwan) 
　　　 (hereinafter referred to as "the Bank") and other financial auditing 
　　　 authorities.

4. DSFs engaging in foreign exchange settlements against NTD in accordance with 
　 Subparagraph 5, Paragraph 1, Article 4, of the Regulations for Declaration 
　 shall be aware that the settlement amount for a single transaction is limited 
　 to a maximum of US$ 100,000. Such DSFs shall prevent declarants from breaking 
　 up a large settlement into smaller ones to circumvent the provision of 
　 Article 6 of the Regulations for Declaration which requires prior approvals 
　 from the Bank.

5. For officials of diplomatic missions in the Republic of China (R.O.C.) and their 
　 family members holding Identification Cards issued by the Ministry of Foreign Affairs, 
　 and persons holding R.O.C. passports issued by the Ministry of Foreign Affairs but do 
　 not have Citizen’s ID Cards, the permitted amount of foreign exchange settlement 
　 against NTD shall be the same as that for non-residents. 

6. When engaging in a single foreign exchange transaction against NTD for an amount 
　 less than NT$ 500,000 or the equivalent thereof, the customer is not required to 
　 complete a Declaration Statement and the settlement amount will not be counted toward 
　 the aggregate settlement amount of the current year. DSFs shall, however, be aware of 
　 and prevent customers from breaking up a large settlement into smaller ones to circumvent 
　 the required declaration and enquiries regarding the aggregate settlement amount of the 
　 current year.

7. DSFs shall assist a declarant to truthfully fill out the "declarant's ID number" 
　 on the Declaration Statement in accordance with the following provisions: 
 (1) Companies, limited partnerships and firms: Indicate the Uniform Business No. 
　　 provided by the competent authorities for its establishment and registration.
 (2) Associations: Indicate the uniform tax withholding number assigned by the tax 
　　 authorities. For an association without a uniform number, indicate the name 
　　 of the competent authorities approving its registration and its registration 
　　 certificate number. 
 (3) Individuals: 
　　 A. An individual with a Citizen's ID Card: Write down the Citizen’s ID No. and 
　　　　date of birth. 
　　 B. Holder of a relevant Taiwan Area Resident Certificate or Alien Resident 
　　　　Certificate with a validity of one year and above: Indicate the uniform 
　　　　identification number, the date of issuance, date of expiry (enter 999/12/31 
　　　　for the date of expiry for Alien Permanent Resident Certificate), and date 
　　　　of birth as specified on the certificate.
　　 C. Minors: For a natural person under 18 years of age bearing a Citizen's ID 
　　　　Card or a relevant Taiwan Area Resident Certificate or Alien Resident 
　　　　Certificate with a validity of one year and above, the “declarant's ID number” 
　　　　on the Declaration Statement shall be provided under the field “Individual” 
　　　　in accordance with the provisions of the preceding two items, and the legal 
　　　　representative of the minor shall also sign on the Declaration Statement under 
　　　　the field “Signature of the declarant and its responsible person.”  
 (4) Non-residents:
　　 A. Natural persons (including minors):
　　　　i. Holder of a relevant Taiwan Area Resident Certificate or Alien Resident 
　　　　　 Certificate with a validity of less than one year, and for a citizen of 
　　　　　 Mainland China and a resident of Hong Kong or Macao holding a Taiwan Entry 
　　　　　 and Exit Permit or a relevant entry document but not having resident status: 
　　　　　 Indicate the nationality as shown on the certificate or permit, the uniform 
　　　　　 identification number (or the permit number if there is no uniform identification 
　　　　　 number), and date of birth in the Declaration Statement. 
　　　 ii. Foreign passport holder or official of diplomatic missions in the Republic 
　　　　　 of China and his/her family member holding an identification card issued 
　　　　　 by the Ministry of Foreign Affairs, and a person holding a R.O.C. passport 
　　　　　 but not having a Citizen’s ID Card: Indicate the nationality, passport 
　　　　　 (certificate) number and date of birth in the Declaration Statement. 
　　B. Legal entities:
　　　 i.Non-resident legal entity: Shall authorize its representative or agent in 
　　　　 the R.O.C. to act as the declarant. In the Declaration Statement, the said 
　　　　 representative or agent shall write down his/her ID No. or certificate number 
　　　　 and clearly specify the representation or agency relationship.
　　　ii. Foreign financial institution: Shall authorize a local financial institution 
　　　　　to act as the declarant. In the Declaration Statement, the said local financial 
　　　　　institution shall write down its identification number of the establishment 
　　　　　permit issued by the competent authority and clearly specify the representation 
　　　　　or agency relationship.

8. Before processing the declaration of foreign exchange settlement, a DSF shall 
　 first verify that a declarant's registration certificate number indicated by a 
　 declarant according to the provisions of the preceding point (point 7) is the 
　 same as the corresponding number on the declarant's identification document or 
　 primary registration data. The DSF shall also verify the entrustment or authorization 
　 document for settlement declaration, and confirm that the foreign exchange involved 
　 in the receipts, disbursements, or transactions actually belongs to or is needed by 
　 the declarant himself/herself before processing the declaration. A DSF shall also 
　 notice that:
　 (1) If the declarant is a company, limited partnership or firm, the DSF shall visit 
　　　 the website of Commerce Industrial Services Portal of the Ministry of Economic 
　　　 Affairs and go to “Enquiry of company registration”, “Enquiry of limited 
　　　 partnership registration” or “Enquiry of business registration” to enquire 
　　　 and verify the registration information of the company, limited partnership, or 
　　　 firm.
　 (2) If the declarant is a non-resident under 18 years of age, the DSF may verify 
　　　 the required documents in accordance with its internal operation procedure and 
　　　 applicable provisions of the Civil Code on a case-by-case basis.

9. Information written down in a Declaration Statement concerns the rights and 
　 obligations of a declarant. In case a Declaration Statement is filled out for a 
　 declarant by a third person, the declarant shall affix his/her seal or signature 
　 on the Declaration Statement after verifying the accuracy of all the declared items 
　 to specify explicitly his/her responsibility.

10. DSFs shall assist declarants to fill out the Declaration Statement carefully 
　　and truthfully. In the event that the nature of the settlement and the amount 
　　to be settled violate the common sense or are inconsistent with the status or 
　　occupation of the declarant, the DSF shall assist the declarant to make a truthful 
　　declaration before processing the settlement.

11. In case a declarant uses a seal for a specific purpose on his/her Declaration 
　　Statement, the specific purpose of the seal shall be the one for making settlements 
　　only or relevant to the settlements.

12. The amount stated in a Declaration Statement shall not be altered. If any 
　　other fact stated in the Declaration Statement is altered, the declarant shall 
　　affix his/her seal or signature next to the alteration.

13. DSFs shall check whether all the fields on the Declaration Statements are properly 
　　filled out. The nature of settlement shall be documented accurately and not be 
　　replaced with a remittance classification code. When there is more than one nature 
　　or currency of settlement, such natures, currencies and settlement amounts shall be 
　　separately indicated. The nature of settlement shall be declared according to the 
　　following provisions:
　 (1) The nature of foreign exchange receipt or transaction: Companies, limited 
　　　 partnerships, firms, associations and individuals shall indicate the sources of 
　　　 their foreign exchange revenue; non-residents shall indicate the use of NTD proceeds 
　　　 from sale of foreign exchange.
　 (2) The nature of foreign exchange disbursement or transaction: Companies, limited 
　　　 partnerships, firms, associations and individuals shall indicate the use of their 
　　　 foreign exchange proceeds; non-residents shall indicate the sources of NTD revenue 
　　　 for purchasing foreign exchange.

14. When a DSF accepts a declarant's application for making declarations of 
　　foreign exchange settlements through the Internet in accordance with Article 
　　11 of the Regulations for Declaration, the related terms and conditions of 
　　the agreement between the DSF and the declarant shall include matters 
　　prescribed in Article 12 of the Regulations for Declaration.

15. DSFs shall design online control programs according to declaration procedures 
　　which are applicable for making declarations in person at the DSF, and shall 
　　provide online declaration instructions, the Regulations for Declaration and 
　　relevant provisions on the website, and assist declarants in making declarations 
　　through the Internet.

16. When a declarant makes a foreign exchange settlement declaration through the 
　　Internet pursuant to Subparagraph 3, Paragraph 1, Article 4 of the Regulations 
　　for Declaration, the DSF shall use an online real-time enquiry system and count 
　　the settlement amount toward the declarant’s aggregate settlement amount of the 
　　current year to make sure the declared amount does not exceeded the Annual Aggregate 
　　Settlement Amount before processing the declaration. The DSF shall also show the 
　　enquiry records on the declaration medium retained by itself.

17. When processing a declarant’s declaration of foreign exchange settlement against 
　　NTD through the Internet, DSFs shall first verify the veracity of relevant securities 
　　transaction documents provided and annotate the settlement date and amount, Foreign 
　　Exchange Memo number and affix its signature or seal on the relevant documents for 
　　future examination.

18. DSFs may not alter any of the declarant's declaration information retained in 
　　electronic format.

19. To correct the content of the Declaration Statement, a declarant shall submit the 
　　application along with the following documents to the Bank through the DSF which 
　　handled the original declaration:
 (1) Correction of declaration of foreign exchange settlements against NTD:
　A. A declarant unintentionally making an untruthful declaration: Submit an opinion 
　　 letter issued by a lawyer, an accountant or a DSF indicating that the untruthful 
　　 declaration was unintentional, relevant supporting documents, the original Declaration 
　　 Statement and the Foreign Exchange Purchase (Sale) Memo (those who declared through 
　　 the Internet shall submit the Declaration Statement and the Foreign Exchange Purchase 
　　 (Sale) Memo printed by the DSF), and the corrected Declaration Statement and the 
　　 Foreign Exchange Purchase (Sale) Memo. The content of the opinion letter shall 
　　 include the declarant's name, the settlement date and amount, the content of the 
　　 original declaration, the corrected declaration, and the reason for making the mistake 
　　 on the original declaration.
　B. A declarant intentionally making an untruthful declaration, and having already been 
　　 penalized pursuant to Paragraph 1, Article 20 of the Foreign Exchange Regulation Act: 
　　 Submit the receipt of the fine paid, the corrected Declaration Statement, the Foreign 
　　 Exchange Purchase (Sale) Memo and the relevant supporting documents.
 (2) Correction of other transaction certificates: Submit the original certificate 
　　 drawn by the DSF (those who declared through the Internet shall submit the certificate 
　　 printed by the DSF), the corrected certificate drawn by the DSF, and the documents 
　　 supporting the content-correction application. 
 (3) Correction of Foreign Exchange Purchase (Sale) Memo with the amount less than 
　　 NT$500,000: Submit the original Foreign Exchange Purchase (Sale) Memo drawn by 
　　 the DSF (those who declared through the Internet shall submit the memo printed by 
　　 the DSF), the corrected Foreign Exchange Purchase (Sale) Memo, and the documents 
　　 supporting the content-correction application.
　　 The DSF shall make photocopies of relevant supporting documents and information 
　　 for the correction of declaration content mentioned in the preceding paragraph, 
　　 and shall retain the photocopies along with the original declaration information 
　　 for future reference.