| Organisation |
| Organisation |
Order of the Financial Supervisory Commission |
| Issue No. |
| Issue No. |
Financial-Supervisory-Securities-Firms 11403667616
CH
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| Issue Date |
| Issue Date |
2026/01/06 |
| Content |
| Content |
Order of the Financial Supervisory Commission
Issue date: 6 January 2026
Issue No.: Financial-Supervisory-Securities-Firms-11403667616
- This Order is issued pursuant to Articles 2 and 3 of the Regulations Governing the Establishment of and Compliance Matters for Offshore Securities Branches and Article 7, paragraph 1 of the Regulations Governing Offshore Securities Branches.
- When a securities firm, pursuant to Article 2 of the Regulations Governing the Establishment of and Compliance Matters for Offshore Securities Branches, applies to establish an offshore securities branch in the Republic of China (Taiwan) to conduct the types of business specified in the subparagraphs of Article 22-4, paragraph 1 of the Offshore Banking Act, its net worth stated in the CPA audited and attested financial report for the most recent period shall be not less than NT$10 billion. If the offshore securities branch will conduct only the types of business specified in Article 22-4, paragraph 1, subparagraphs 1 to 4 of the Offshore Banking Act, the account custody business under subparagraph 5 thereof, or the business under subparagraph 7 thereof, in connection with securities business on behalf of customers, of conducting trading across foreign currencies, conducting foreign currency derivatives business other than exchange rate derivatives, or conducting non-restricted purpose money lending business, then the securities firm's net worth stated in the CPA audited and attested financial report for the most recent period shall be not less than NT$4 billion.
- In Article 2, paragraph 1, subparagraph 2 of the Regulations Governing the Establishment of and Compliance Matters for Offshore Securities Branches, the term "its financial condition meets the standard set by the FSC" means the following:
- The securities firm's CPA audited and attested financial report for the most recent period shows no accumulated deficit.
- The total amount of the securities firm's liabilities to others shall not exceed six times the amount of its net worth; the total amount of its current liabilities shall not exceed the total amount of its current assets.
- In Article 2, paragraph 1, subparagraph 2 of the Regulations Governing the Establishment of and Compliance Matters for Offshore Securities Branches, the term "regulatory capital adequacy ratio meets the standard set by the FSC" means that the securities firm's capital adequacy ratio is not lower than 150 percent.
- During the period in which the securities firm engages in offshore securities business, its net worth, financial ratios, and regulatory capital adequacy ratio shall continue to be maintained at the amounts or the ratios specified in the preceding three points.
- The format of the application form and the list of items for which permission is applied for as set out in Article 3, paragraph 1, subparagraph 1 of the Regulations Governing the Establishment of and Compliance Matters for Offshore Securities Branches are as attached.
- This Order is effective from this day forward. FSC Order No. Financial-Supervisory-Securities-Firms-1120148909 of 1 November 2023 is repealed from this day forward.
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