Regulatory Alerts2004-06-17
Added · Updated
Directions for the Management and Sale of Central Government Bonds
The Central Bank of the Republic of China (Taiwan) establishes rules for managing and selling central government bonds through auctions, placements, and consigned sales. The document sets eligibility criteria for dealers, including a paid-in capital requirement of NT$1 billion and positive net income, and defines bidding procedures with minimum competitive bid amounts of NT$100 million and non-competitive subscriptions of NT$50 million. It mandates specific reporting obligations for dealers and authorizes the Central Bank to impose sanctions, such as requiring deposits, suspending auction participation, or terminating dealer commissions for non-compliance.
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