Regulatory Alerts2025-04-14 | 84363FSC Proposes Legislative Changes to Improve Regulations on Financial Holding Companies
The Financial Services Commission proposed legislative amendments to the Financial Holding Companies Act to enhance operational agility and foster synergies within financial conglomerates. Key revisions include raising the fintech investment cap from 5 to 15 percent, permitting fintech subsidiaries to own their own subsidiaries, and easing restrictions on group-wide work consignment and private equity fund operations. The proposal is open for public comment until May 26 before proceeding to the National Assembly for legislative review.
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