Taiwan

The FSC says the D-SIBs should take on more responsibilities to help Taiwan maintain financial stability and improve governance in the financial industry.

The information security requirements are divided into three levels according to the size of companies and other conditions.

Annual reports will have to be filed at least 7 days before shareholder meetings. The quality of sustainability disclosures will also be improved.

Automated execution of portfolio rebalancing transactions will be allowed, subject to the rebalancing thresholds agreed by clients being reached.

The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.

Third-party payment providers need not apply for a business licence from the FSC if they do not hold more than TWD 2 billion in custody.

The FSC is requiring listed companies to include ESG information including data on GHG emissions and workplace diversity in annual reports.

Cryptocurrency businesses will be listed under the category of "finance, insurance and real estate" and STOs will be listed under the securities firms subcategory.

Futures trusts will need to have dedicated risk management departments and be prohibited from conducting discretionary futures trades for clients.

Listed companies will need to seek approval from their shareholders for related party transactions worth more than 10% of company assets.