Regulatory Alerts2018-10-22
Added · Updated
Regulations Governing the Central Bank of the Republic of China (Taiwan) Administration of Accommodations Extended by Banks to Securities Finance Companies or Securities Firms
The regulations prohibit banks from extending financing to securities finance companies if the outstanding balance exceeds six times the firm's net worth or if external debt exceeds 11.5 times net worth. Financing to securities firms is capped at 3.5 times their net worth, with specific limits applying to underwriting firms and collateral usage. Banks must require affidavits from applicants to certify compliance with these limits and submit monthly reports to the Central Bank and the Financial Supervisory Commission.
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