Regulatory Alerts2018-01-04
Directions Governing Authorized Banks for Operating Foreign Exchange Businesses through Electronic and Communications Equipment
The Central Bank of the Republic of China issued these directions to regulate the operation of foreign exchange businesses by authorized banks via electronic and communications equipment. The regulations, amended on January 4, 2018 and effective from January 6, 2018, establish the operational framework for such digital transactions. This document serves as the inactive regulatory standard governing how banks may utilize electronic means for foreign exchange activities.
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