CBIRC Issues Rules for Pension Insurance Institutions

12/01/2022

Pension insurance providers should optimise service capabilities, improve internal management and governance, and strengthen risk isolation.

Enforcement

Taiwan FSC Fined Seven FIs Over Regulatory Violations

12/01/2022

Taiwan’s FSC has fined seven financial institutions for regulatory violations including the improper payment of commissions.

AML / KYC

CBIRC Directs Banks to Ease Account Opening for Small Businesses

05/01/2022

Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.

ESG / Sustainability

Taiwan FSC Revises Guidelines on Financial Industry Disclosures

04/01/2022

The amendments will enhance disclosures on environmental and social issues, board diversity and independence, and information security policies and risks.

Securities / Derivatives

China to Require Mandatory Disclosure of Environmental Information

04/01/2022

New rules taking effect in February will require companies to compile annual environmental information disclosure reports for submission by 15 March of each year.

CBIRC Targets Disorderly Expansion of Credit Card Market

02/01/2022

Under new draft rules, banks are required to reduce interest and fee charges, prevent excessive credit usage, and better control credit risk in card operations.

Capital / Liquidity

CBIRC Finalises Liquidity Management Rules for WMPs

30/12/2021

The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.

Market Infrastructure

Taiwan FSC Raises Cybersecurity Expectations in Capital Market

28/12/2021

Securities and futures companies have to disclose more information on cyber incidents. Listed companies have to strengthen cybersecurity management.

CBIRC Lifts Market Entry Restrictions for Foreign Insurance Brokers

28/12/2021

Requirements to first establish a representative office in China and have more than 30 years operating experience have been lifted.