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Title: Standards Governing the Establishment of Managed Futures Enterprises CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter 5 Supplementary Provisions
Article 27
When a managed futures enterprise applies to the competent authority to reorganize as a futures trust enterprise that concurrently operates a managed futures enterprise, the qualifications it must possess after its application for restructuring as a futures trust enterprise that concurrently operates a managed futures enterprise, and the application form and relevant procedures to be used shall be as given in the relevant provisions of the Standards Governing the Establishment of Futures Trust Enterprises, while the provisions of Articles 17 through 19, Article 23, and Article 28, paragraph 1, subparagraph 4 shall not apply.
Article 28
A managed futures enterprise that applies to the competent authority for the issuance of a certificate of license shall pay a license fee in accordance with the following provisions:
1.An enterprise that establish a managed futures enterprise shall pay a fee of one four-thousandth of the minimum capital requirement set out in Article 9, paragraph 1.
2.A managed futures enterprise that establishes a branch unit shall pay a fee of NT$3000.
3.A futures broker that concurrently operates a managed futures enterprise shall pay a fee of one four-thousandth of the operating capital specially earmarked for that business in accordance with Article 15, paragraph 2. A foreign futures broker that applies for concurrent operation of a managed futures enterprise by a branch unit within the ROC shall pay the same fee.
4.A futures trust enterprise that concurrently operates a managed futures enterprise shall pay a fee of one four-thousandth of its statutory minimum paid-in capital.
5.A securities investment trust enterprise that concurrently operates a managed futures enterprise shall pay a fee of one four-thousandth of its statutory minimum paid-in capital.
6.A securities investment consulting enterprise that concurrently operates a managed futures enterprise shall pay a fee of one four-thousandth of the operating capital specially earmarked for that business in accordance with Article 15, paragraph 2.
7.A futures broker, futures trust enterprise, securities investment trust enterprise, or securities investment consulting enterprise that applies for its branch office to carry out promotions and solicitations in relation to the business activities allowed for the concurrent operation of a managed futures enterprise shall pay a fee of NT$3000.
A managed futures enterprise shall pay a fee of NT$1500 when it applies to the competent authority for reissuance of a certificate of license.
No fee will be required in applications for re-issuance of licenses due to a redrawing of administrative districts or a change in the street address of the managed futures enterprise.
Article 29
Applications will be refused given failure to submit in full all application documents or information required under these Standards, followed by failure to supplement the required materials within a time period specified by the competent authority.
Article 30
The format of documents required under these Standards will be prescribed by the competent authority.
Article 31
These Standards will be enforced from the date of promulgation.