Regulatory Alerts2026-08-07
Added
Regulations on Financial Institutions Cooperatively Promoting Products or Providing Related Services of Other Industries
The Financial Supervisory Commission establishes eligibility criteria, financial ratios, and internal control standards for banks, securities firms, futures firms, insurance companies, and insurance brokerages to apply for approval to cooperatively promote products or provide services of other industries. The regulation specifies permitted promotional activities for each sector, mandates that personnel possess relevant professional qualifications or licenses, and requires explicit disclosure to clients regarding the distinction between the institution's own business and the promoted products, as well as the absence of deposit insurance or stabilization fund protections. It further stipulates that contractual liabilities rest with the other industry's institution, requires prior written consent for client data sharing, and mandates joint contracts when insurance agents or brokers are involved, while repealing a previous directive effective immediately.