Regulatory Alerts2024-07-04
Directions for Domestic Securities Firms Approved to Conduct Foreign Exchange Business and Assist Customers with FX Declarations
The Central Bank of the Republic of China issued amended directions governing domestic securities firms authorized to conduct foreign exchange business and assist customers with foreign exchange receipt, disbursement, or transaction declarations. The July 4, 2024 revision updates operational and compliance standards for these institutions to ensure accurate reporting and strict adherence to national foreign exchange regulations. Firms must immediately align their internal procedures and customer declaration workflows with the revised framework to maintain full regulatory compliance.
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Law Content
Title： Directions for Domestic Securities Firms Approved to Conduct Foreign Exchange Business While Assisting Customers in Declaring Foreign Exchange Receipts and Disbursements or Transactions
Announced Date： March 27, 2017（effective from March 29, 2017）
Amended Date： July 4, 2024（Effective on the same day）
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Attachment.pdf