Proposed Rule Changes for Use of Special Nominee Account by Foreign Bond Investors

Laws and Regulations Announcement Rule changes proposed for the use of special nominee account by foreign bond investors to place aggregated orders to buy and sell listed bonds Agency: Financial Services Commission Regulation to be amended: Regulation on Financial Investment Business FSC Notice number: 2017-102 Announcement date: April 14, 2017 Summary: The Financial Services Commission has proposed amendments to the Regulation on Financial Investment Business that would provide for the use of special nominee account (SNA) by foreign bond investors to place aggregated orders for the purchase and sale of listed bonds. The SNA is already available to foreign stock investors. Key provisions: Special nominee account is to be made available to foreign bond investors to place aggregated orders for on￾and off-exchange purchase or sale of listed bonds. Public comment for the proposed amendments: The public comment period for the proposed regulation ends on May 24, 2017.