The Financial Supervisory Commission (hereinafter referred to as FSC) published the "Regulations Governing Banks Conducting Financial Products and Services for High-Asset Customers" on August 7, 2020, and subsequently amended certain provisions on March 3, 2025. These amendments opened the door for all banks to engage in this business for high-asset customers and phased in the relaxation of specific business activities. After the approval of this case, the FSC has granted approval to 20 banks.
The FSC stated that Chang Hwa Commercial Bank has submitted a concrete plan regarding talent cultivation and allocation, product R&D, investment risk management for clients, and investment in related resources or information systems for conducting this business. The bank has also established a responsibility map and accountability mechanisms for its high-asset business, enhanced the Board of Directors’ oversight responsibilities, fostered a sound corporate culture, and continues to implement fair customer treatment and corporate governance.
The FSC will continue to oversee the development of this business. Through regulatory relaxation and the introduction of relevant supervisory measures, the FSC aims to encourage financial institutions to further invest in wealth management talent and systems, and to provide customers with diversified and customized financial products and services. This will lead both domestic and international funds to invest in Taiwan's core industries, promote the development of Taiwan's wealth management business, and strengthen banks’ international competitiveness, thereby enhancing Taiwan's position in the Asian asset management market.