Regulatory Alerts2021-06-17
Regulations Governing the Establishment and Audit of Reserves on Stored Value Funds Received by Specialized Electronic Payment Institutions
The Central Bank of the Republic of China issued these regulations to mandate the establishment and auditing of reserves for stored value funds held by specialized electronic payment institutions. The rules were originally announced on June 24, 2009, and were most recently amended on June 17, 2021, with amendments taking effect on July 1, 2021. This regulatory framework ensures financial stability and compliance for entities managing stored value funds within the jurisdiction.
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