Regulatory Alerts2005-03-09
Added · Updated
Regulations Governing Foreign Exchange Business of Banking Enterprises
These regulations govern the foreign exchange business of banking enterprises, including banks, credit cooperatives, and Chunghwa Post Co., Ltd. Banking enterprises must obtain authorization from the Central Bank of the Republic of China (Taiwan) to engage in foreign exchange activities, with specific qualification requirements for domestic and foreign banks, such as maintaining a capital to risk-weighted assets ratio of 8% or above. The document outlines detailed application procedures, personnel experience requirements, and operational rules for various services including foreign currency deposits, derivatives, and electronic transactions.
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