The Financial Supervisory Commission (“FSC”) amended the “Directions for Banks Conducting Financial Derivatives Businesses” (the “Direction”) on January 25, 2013.  FSC deleted Paragraph 7.1.1 of the Direction which requires a bank to obtain FSC’s approval before offering any derivative financial products involving Taiwan and the Mainland China Area, so that banks can directly file the application for offering derivative financial products involving Taiwan and the Mainland China with the Central Bank.