(deleted)

If a futures commission merchant is a foreign company's branch within the territory of the Republic of China (ROC), unless otherwise provided by the FSC, the matters that under these Regulations are required to be handled by the board of directors or supervisors shall be handled by the responsible persons of the ROC branch who are authorized by the head office or regional headquarters of the foreign company.

These Regulations shall become effective as of June 1, 1997.
Any amendments to these Regulations shall become effective as of the date of their issuance, except Article 25, paragraph 1, subparagraph 3 as amended and issued on 4 March 2009, which shall enter into force from 23 November 2009; Articles 17 and 24 as amended and issued on 12 July 2012, which shall enter into force from fiscal year 2013; and Article 24 as amended and issued on 22 December 2022, which shall enter into force from fiscal year 2022.