Regulatory Alerts2016-09-09
Regulations Governing Foreign Exchange Business of Banking Enterprises
The Central Bank of the Republic of China issued the Regulations Governing Foreign Exchange Business of Banking Enterprises to establish the legal framework for foreign exchange operations by banking institutions. These regulations were originally announced on July 23, 2003, and underwent amendments effective from September 11, 2016, to update compliance and operational standards. The document serves as the primary regulatory instrument defining the scope, requirements, and restrictions for foreign exchange business conducted by banks within the jurisdiction.
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