The NFRA absorbs the CBIRC in its entirety, and takes over certain functions from the PBOC and CSRC.
May 19, 2023New FSC taskforce will work on measures to help FIs expand and invest overseas and address issues that prevent global firms from entering the Korean market.
March 16, 2023A new national financial regulatory authority will be established, absorbing the CBIRC and taking over some functions from the PBOC and CSRC.
March 8, 2023Financial holding companies have to set upper limits for related-party transactions and establish systems for their management, reporting and disclosure.
February 13, 2023FIs will have to disclose climate-related information in annual reports and public offering documents for securities issuance.
December 1, 2022D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.
November 2, 2022The FSC is seeking to strengthen controls around the interactions and communications between financial institutions and their major shareholders.
October 24, 2022The merger between Fubon Financial and Jih Sun Financial will be the first merger of financial holdings companies in Taiwan.
September 26, 2022The five are Yuanta Financial Holdings, Cathay Financial Holdings, First Financial Holding, E.Sun Financial Holding and CTBC Financial Holding.
September 14, 2022Applications will be open from 1 August. Fubon Financial and CTBC Financial have reportedly expressed interest in the licence.
July 6, 2022