Regulatory Alerts2016-09-20
Directions for Issuance of Foreign-currency Denominated Negotiable Certificate of Deposit by Banks
The Central Bank of the Republic of China issued these directions to regulate the issuance of foreign-currency denominated negotiable certificates of deposit by banks. The document establishes the operational framework and compliance requirements for financial institutions engaging in this specific banking activity. It was originally announced on July 31, 2015, and subsequently amended on September 20, 2016.
Share