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16 The custodian bank or futures broker designated as agent by an overseas Chinese or foreign national outside the ROC shall establish a separate account and record therein on a daily basis the utilization of the funds by that person, and report to the competent authority of foreign exchange business the previous day's detailed remittance, foreign exchange deposit balance, and summary information on the equity in the customer margin account with the FCM; within ten days after the end of each month, the custodian bank or futures broker shall prepare an itemized statement of the equity in the customer margin account with the FCM of the previous month and the cumulative foreign exchange settlement amount, and file it to the competent authority of foreign exchange business with a copy to the TAIFEX for records.
Where the overseas Chinese or foreign national outside the ROC places orders for domestic futures trading with a foreign FCM outside the ROC that has established an omnibus account at an FCM inside the ROC, the foreign FCM outside the ROC, the custodian bank or futures broker designated as agent, or the FCM inside the ROC shall file the futures trading statement in accordance with TAIFEX regulations. |
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