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

To simplify the application for securities firms accepting orders to trade foreign securities via NTD with clients regarding settlement and fee issues, please follow the procedures below as of the issuance date of this letter. Please take note.

1. Those securities firms which had been approved by the CBC to trade foreign securities settled in foreign currencies before may file the following documents for approval to settle in trades NTD.

(1) Copies of the approval letter issued by the CBC approving the securities firm accepting orders to trade foreign securities settled in foreign currencies, and copies of the documents issued by the Financial Supervisory Commission approving the securities firm to engage in the said business.

(2) Copies of licenses issued by the competent authority.

(3) A Statement Declaring that the firm’s information system complies with the regulations of the CBC letter, dated December 6, 2005 (Ref. No: Tai-Yang-Wai-5-Zi-0940051321) with respect to the receipt and payment of specific currencies.

2.A securities firm engaging in the business of accepting orders to trade foreign securities settled in NTD should present the CBC’s approval letter regarding receipts and payments in NTD to the remitting bank.