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

When a financial institution applies to become one of the CBC’s “designated dealers for open market operations”, it shall, from July 5 to August 10, 2004, submit an “application form for general designated dealers for open market operations” (Attachment I) and “application form for primary dealers in Central Government Bonds Market” (Attachment II) and other relevant information to the Department of Banking of the CBC.

1.This is based on Directions 3, 4, 5 and 14 of the “Directions Governing Designated Dealers for Open Market Operations”.

2.The selection plan of 2004 is as follows:

(1)The CBC will re-select its general designated dealers for open market operations, therefore the current 18 general designated dealers (as Attachment III) need to reapply. If a current general designated dealer does not apply within the specified period or if the CBC does not approve its application, it will lose its qualification as a general designated dealer.

(2)The CBC plans to expand the number of primary dealers in Central Government Bonds Market, and the current 9 primary dealers (as listed in Attachment III) need not reapply to remain qualified.