In a news release issued on October 22, 2013, the FSC announced that it is considering amending Paragraph 3 of Article 146-1 of the Insurance Act to lower the ceiling for an insurance enterprise’s permitted shareholding percentage in a single company from 10% to 5% of the paid-in capital of the invested company.  The purpose of the amendment is to prevent an insurance company from getting involved in another company’s management and operation, or pursuing exchange of interests to acquire a favorable vantage point in the bancassurance distribution channel.