3.
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.
