金融機構兼營票券金融業務許可辦法

1These Regulations are enacted in accordance with Article 17 of the Act

2Governing Bills Finance Business.

1Financial institutions as used in these Regulations shall mean Banks

2and Securities Firms.

3The term "Banks" as referred to in the preceding paragraph shall not

4include investment and trust companies; the term "Securities Firms" as

5referred to in the preceding paragraph are limited to those which

6concurrently conduct securities underwriting, trading and brokerage.

7Securities Firms may only apply to engage in short term bills

8brokerage and trading.

1If a financial institution has invested in and holds shares exceeding

220% of the actual paid-in capital of a bills finance company, such

3financial institution may not apply to engage in a bills finance business

4unless otherwise approved by the competent authority.

5A financial institution that, prior to the promulgation of this Regulation,

6is an investor in the shares of a bills finance company with an

7investment exceeding the ratio cited above and has obtained approval

8from the competent authority to engage in the bills finance business

9may continue to do so, provided that such financial institution may not

10apply to open additional branches [for its bills finance business] or to

1A financial institution that has not been punished by a fine for

2violation of the Act governing Bills Finance Business, or the Banking

3Act of the Republic of China, or been subject to any penalty prescribed

4by Article 66 of the Securities and Exchange Law within one (1) year

5prior to its application may apply to the competent authority for

6permission to engage in a bills finance business. Such application

7shall include:

81. Application (form enclosed);

92. Board resolution;

103. Business plan; and

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1A financial institution that increases the number of its branches

2engaging in bills finance business shall apply for permission to do so in

3accordance with the provisions of the preceding articles.

1A financial institution that has received permission to engage in bills

2finance business shall, within six (6) months after the date on which it

3receives such permission and prior to engaging in a bills finance

4business, submit the following documents to the purpose competent

5authority for purposes of obtaining a new business license (approval

6license) for the head office (or branch);

71.The approval letter from the competent authority;

82.A roster of business personnel;

93.Documentation evidencing the deposit of the security deposit; and

104.Other documents as required by rules established by the competent

1The preceding three articles shall not apply to a financial institution that

2is party to an approved merger with a bills finance company and

3subsequently engages in the bills finance business.

1A head office or branch of a financial institution that wishes to cease all

2or part of its bills finance business shall apply to do so by submitting a

3business plan and application to the competent authority. Such

4financial institution shall also apply for a new business license

5(approval license).

6The business plan required by the preceding paragraph shall include the

7following:

81.A description of the business that the financial institution will cease

9to engage in and the reason for such cessation; and

102.A substantive discussion of how the rights of, and obligations to,

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1These Regulations shall become effective upon promulgation

2If the translations of the texts differ from the original Chinese

3texts, the original texts are preferential.