To improve the financial stability of life insurance industry and be prepared for the possible impact brought about by adoption of IFRS 17 Insurance Contracts in the future, the FSC issues an interpretive order on June 25, 2019, stipulating that starting January 1, 2019, life insurers should set aside (recover) a special reserve equal to after tax (nominal tax rate:20%) amount of derecognized gains/losses on unexpired debt instruments, and release the amount equal to the gains/losses amortized over the period of time to maturity of the derecognized debt instrument each year as distributable profit; for debt instruments whose time to maturity cannot be determined, life insurers may amortize the gains/losses over a period of 10 years.