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FSC issues interpretive rule regarding banks' trust investments in offshore funds that do not have the nature of a securities investment trust fund

2022-09-14
On 15 August 2022, the FSC issued an interpretive rule allowing banks to conduct trust investments in offshore funds that do not have the nature of a securities investment trust fund in accordance with Article 5, Paragraph 1, Subparagraph 8 of the "Regulations Governing Banks Conducting Financial Products and Services for High-Asset Customers." The trustors are limited to professional institution investors, high-net-worth corporate investors, and high-asset customers. Following the issuance of the interpretive rule, banks will be able to provide more diversified products to high-asset customers and strengthen their competitiveness in the market.
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  • Update: 2022-09-14
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