Central Bank of the Republic of China (Taiwan)

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FAQ

Can a foreign financial institution be a Delegated Auction Group member?

Yes. A foreign financial institution that meets the following criteria may apply to be a Delegated Auction Group member:
1. Approved by Financial Supervisory Commission (FSC) to trade government securities in an over-the-counter market on its own account (Insurance companies need not meet this criterion).
2. Showing net profits in the latest fiscal year.
3. Paid-in capital is more than NT$1 billion and net worth per share above par value.

Delegated Auction Group members are obliged to submit both competitive and noncompetitive bids in every auction and to file annual financial reports. If any member does not meet certain financial criteria listed above, a deposit of NT$10 million should be lodged.