Regulatory Alerts2019-09-25
Added · Updated
Directions for Online Network Operation of the Open Market Operations by the Central Bank of the Republic of China (Taiwan)
Amended effective October 1, 2019, these directions govern the online network system for open market operations, requiring financial institutions to apply for network membership via the Department of Banking and utilize digital signatures for information transmission. Network members must manage electronic certificates, maintain rigorous security controls, and submit transaction information according to system schedules, with submission validity determined by the Bank's central processing unit timestamp. The rules prohibit members from objecting to transmitted information based on internal system issues or unauthorized access, and specify procedures for handling system interruptions, including conducting business in writing via fax or email when necessary.
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