Regulatory Alerts2002-07-12
Added · Updated
Directions for Attending on Depository of Trust Fund Reserves of Investment and Trust Companies
Investment and trust companies must deposit trust fund reserves with the Central Bank of the Republic of China (Taiwan) at a minimum ratio of 15%, subject to a floor of 20% of total paid-in capital. Reserves may be held in cash or specific securities, with valuation based on face value and monthly calculations derived from average daily balances. Companies are required to open designated cash or securities accounts at the Bank's Department of Banking and submit monthly adjustment forms, depository lists, and calculation tables by the 10th day of the following month. Failure to comply with these deposit requirements or submitting false information subjects the institution to disciplinary actions notified by the Bank to the Ministry of Finance.
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