Explanation of New Regulations
Revision of regulations authorized by Paragraph 2, Article 4 of Financial Consumer Protection Act
2020-10-16
The FSC revised the regulations to provide services and products for high-asset customers. For example, the Banking Bureau promulgated and implemented "Regulations Governing Banks Conducting Financial Products and Services for High-asset Customers" in August 2020, and the Securities and Futures Bureau amended and added Article 3-1 of “Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities”, incorporating “High-asset Customers” into the scope so-called qualified investors with professional capacity to exclude the applicability of certain provisions of the Financial Consumer Protection Act.
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- Update： 2020-12-17
