To spur upgrading of the wealth management business in Taiwan, and to exercise prudential supervision of banks’ provision of products and services to high-asset customers, the FSC issued the aforementioned Regulations on 7 August 2020. The Regulations allow banks to provide a more diverse range of financial products and services to high-asset customers. These relaxation measures will help banks achieve stronger product development capability, and will enhance the depth and breadth of Taiwan’s financial markets. At the same time, the Regulations introduce related supervisory measures designed to ensure robust development of Taiwan’s wealth management business, which is expected to make our banks more internationally competitive in this market and propel Taiwan’s wealth management industry to a more sophisticated level.