Regulatory Alerts2018-12-14
Added · Updated
Regulations Governing Foreign Exchange Brokers
The regulations define foreign exchange brokers as profit-seeking businesses licensed by the Financial Supervisory Commission (FSC) with approval from the Central Bank of the Republic of China (Taiwan) (the Bank). They establish a minimum registered capital of 100 million New Taiwan dollars, impose investor holding limits of 10% for financial institutions and 20% for others, and require at least half of the dealers to be senior dealers with specific experience. The rules mandate monthly loss reserves, daily turnover reporting to the Bank, and provide for license revocation by the Bank after consulting the FSC under specific violation conditions.
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