Listed companies will need to seek approval from their shareholders for related party transactions worth more than 10% of company assets.
Fund managers are asked to review their offshore funds, including funds sold in China, and disclose exposures to weapons-related industries.
The changes would allow listed companies to file an application covering multiple issuances of new shares within a two-year period.
Foreign banks in Taiwan are no longer required to have a local chief of information security if there is a designated officer at the head office or regional level.
Eleven overseas firms offering securities investment trust funds in Taiwan will need to set up a local risk management department by end-2022.
The FSC says standardising the breach reporting time at 72 hours will improve the efficiency of managing fraud and data theft.
Greater flexibility is provided for securities investment trust funds to invest in IPO stocks, CoCo bonds and TLAC bonds.
Under two separate initiatives, eight foreign fund managers and four investment trust companies will receive preferential treatment for one year.
Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.
The practice of allowing companies to go public without any actual business or revenue is in conflict with practices in Taiwan, said the FSC's Kuo Chia-chun.
Loading more posts...
Sorry, no more posts
No more pages to load