Regulatory Alerts2021-06-29
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 foreign exchange declarations. The document outlines the operational requirements and compliance standards for these firms regarding the declaration of foreign exchange receipts, disbursements, and transactions. It was originally announced on March 27, 2017, and subsequently amended on June 29, 2021, with the amendments taking effect on July 1, 2021.
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