Regulatory Alerts2017-03-27
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 regulations specify the operational requirements and compliance standards for these firms when handling foreign exchange receipts, disbursements, or transactions. This document was amended on March 27, 2017, and became effective on March 29, 2017, ensuring that such firms adhere to established financial reporting and security protocols.
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