Regulatory Alerts2017-12-28
Added · Updated
Regulations Governing Foreign Exchange Business of Securities Enterprises
The document establishes the regulatory framework for foreign exchange business conducted by securities enterprises, defining applicable entities, business scopes, and operational requirements. It mandates prior approval from the Central Bank of the Republic of China (Taiwan) for engaging in foreign exchange activities, outlines specific application procedures, and sets forth conditions for suspension or revocation of approvals. The regulations impose obligations regarding customer due diligence, risk management, foreign currency loan limits capped at 100% of net worth, and strict reporting timelines to the Bank.
More like this from CBC
We email you every new CBC publication the day it's published.
Topics
fx
Share