Taiwan

A Hua Nan Commercial Bank adviser allegedly withdrew money from client accounts and made loans in their names, before diverting the funds to a company operated by her relatives.

The TWSE will issue public notifications, based on comparisons of ETF and ETN price movements with the values of their underlying securities.

Taiwan has passed a legislative amendment raising the ceiling for fines against Chinese investment into local companies without authorisation.

In new laws expected in June, the FSC will initially allow firms to offer STOs offering interest payments as with bonds, and prohibit companies from offering equity-like tokens.

The simulation platform will operate off-market hours and allow investors to familiarise themselves with the new system, which is set to be launched in March 2020.

The Taiwan Stock Exchange and GreTai Securities Market have so far approved a total of 9 securities firms to issue exchange traded notes in Q2 this year.

Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.

The new panel will assess formal applications for internet-only bank licences. Chunghwa Telecom, Waterland Financial and Line Financial are each seeking licences.

Pre-approval will mean that  most ordinary mergers and acquisitions, and start-ups originating from abroad will need to be reported only after the fact.

The majority of banks' clients pose low money laundering risks, and should not be subject to the same level of scrutiny as high risk clients, said FSC chairman Wellington Koo.