(1)Financial markets includes the banking market, bills market, securities market, futures and derivatives market, insurance market, and their respective settlement systems.
Pursuant to Article 1 of the “Organic Act Governing the Establishment of the Financial Supervisory Commission” the Executive Yuan hereby establishes the Financial Supervisory Commission ("the FSC") to promote sound business management at financial institutions, maintain financial stability, and facilitate the development of financial markets.Pursuant to Article 2 of the “Organic Act Governing the Establishment of the Financial Supervisory Commission” the FSC is the competent authority for development, supervision, regulation, and examination of financial markets and financial service enterprises. The terms “financial markets" and “financial services enterprises” are defined as follows:
(2)Financial service enterprises includes financial holding companies, the Financial Restructuring Fund, the Central Deposit Insurance Corporation, banking enterprises, securities enterprises, futures enterprises, insurance enterprises, electronic financial transaction enterprises, and other financial service enterprises. However, the Central Bank shall be the competent authority in charge of the bank payment system.
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