The Central Bank issued a ruling on September 14, 2013,  announcing  the expansion of the scope of a bank’s business in CNY-denominated derivative financial products (such as Forward Exchange (FX) Option, FX, FX Swap and Cross Currency Swap transactions involving CNY and other foreign currencies), provided that such products do not involve New Taiwan Dollar-denominated derivative products relating to exchange rates, interest rates, credit and commodities.  Depending on the nature of the products and whether the approval is obtained, a bank engaging in such transactions is required to file an application to the Central Bank in advance of such transactions or to report to the Central Bank after such transactions.