Regulatory Alerts2019-01-29
Directions for Domestic Security Firms Approved to Conduct Foreign Exchange Business While Assisting Customers to Declare Foreign Exchange Receipts and Disbursements or Transactions
The Central Bank of the Republic of China issued these directions to regulate domestic security firms authorized to conduct foreign exchange business while assisting customers with declarations of foreign exchange receipts, disbursements, or transactions. The document establishes the operational framework and compliance requirements for such firms, ensuring accurate reporting of cross-border financial activities. These regulations were originally announced on March 27, 2017, and subsequently amended on January 29, 2019, to maintain regulatory alignment with evolving financial standards.
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