The amendments specify obligations to ensure policies, procedures and internal controls are in place to prevent risks associated with overseas remittances.
Insiders cannot trade shares 15 days before quarterly reports and 30 days before annual reports. Board independence and diversity rules also included.
Banks are instructed to review their concentration of real estate lending business and strengthen risk controls and post-loan management.
TAIFEX said the financial industry is the most interesting sector to foreign investors in Taiwan's stock market.
Restrictions on fund movements and parking of funds in offshore banking unit accounts will be eased, the FSC said.
The first disclosures are expected to be published by the end of June 2023, covering governance, strategy, risk management, and metrics and targets.
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.
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