The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.
Banks are required to apply additional scrutiny of overseas transfers requested by customers via bank counters, to ensure the transaction is not the result of a fraud attempt.
The five are Yuanta Financial Holdings, Cathay Financial Holdings, First Financial Holding, E.Sun Financial Holding and CTBC Financial Holding.
The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.
The measures include an ESG information platform for listed companies and enhancements to TAIFEX's new OTC derivatives clearing service.
Banks can offer high net worth clients access to uncertified securities investment trust funds from other jurisdictions.
The 3-minute auction intervals for intraday odd lot trading will be reduced to 1-minute intervals starting from 19 December.
China's sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.
Hong Kong-based Capital Target was fined last May and ordered to reduce its shareholdings in a Taiwanese financial conglomerate.
Companies will have to start disclosing climate-related information including GHG emissions data in annual reports and prospectuses in 2024.
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