Regulatory Alerts2025-01-15
Directions Governing Banking Enterprises for Operating Foreign Exchange Business
The Central Bank of the Republic of China issued the Directions Governing Banking Enterprises for Operating Foreign Exchange Business to regulate foreign currency transactions conducted by licensed financial institutions. Originally promulgated on August 6, 2003, the regulatory framework was comprehensively amended on January 15, 2025, taking effect immediately. These updated provisions establish the mandatory compliance standards and operational procedures that all banking enterprises must follow when handling foreign exchange activities.
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