Regulatory Alerts2017-03-27
Added · Updated
Regulations Governing Foreign Exchange Business of Securities Enterprises
The document establishes regulatory requirements for securities enterprises engaging in foreign exchange business, defining applicable entities and business categories such as spot transactions, derivatives, and securities-related activities. It mandates prior approval from the Central Bank of the Republic of China (Taiwan) for most activities, outlines specific application documentation, and sets conditions for suspension or revocation of licenses based on compliance failures or operational inactivity. The regulations impose strict obligations on risk management, customer identity verification, document retention for at least five years, and the use of authorized banks for foreign currency funding and settlement, including a cap on foreign currency loans at 100% of net worth plus unsold committed underwritten bonds.
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