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

Subject:
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.

Explanations:
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.