Taiwan

A short selling ban will apply to all TWSE and TPEx stocks that fall 3.5 percent or more in a day. The FSC will make a daily list of stocks subject to the ban.

The FSC is seeking to strengthen controls around the interactions and communications between financial institutions and their major shareholders.

Ten foreign fund managers and two investment trust companies will receive preferential treatment for one year.

Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.

The FSC already tightened its short selling regulations at the beginning of this month to stabilise the local stock market.

The FSC says CTBC Bank was the only Taiwanese D-SIB that meet its prescribed capital requirements as of the end of June.

The draft amendments specify the disclosures securities investment trust funds must make in their prospectuses if they are ESG-themed.

The guidance provides a reference for how independent directors should be selected, how they should perform their duties, and their role in audit committees.

The measures tighten limits on the volume of intraday securities lending orders, and raised the margin requirements on securities lending.

The Taiwan Innovation Board was launched in July last year to cater to innovative startups, but has seen only one listing so far.