The FSC amended the “Regulations Governing Foreign Investments by Insurance Companies” on August 14, 2015. Major amendments include: (1)  insurance companies are conditionally permitted to participate in foreign currency syndicated loans; (2) extending the limits on insurance company’s investments in corporate bonds enstrusted to the custody of domestic custodian institutions; (3) where an insurer’s capital adequacy ratio at the end of the most recent period is above 200%, the insurer shall put its foreign investment assets in the custody of the Taiwan Depository & Clearing Corporation or other domestic custodian institutions; (4) where an insurance company engages a foreign custodian institution to take custody of foreign assets, the custody contract shall specify the mandatory provisions required by law; moreover, the execution and revision of the custody contract, or any change in the staff authorized to access the custody account, shall be approved by its board of directors.