Public traded company shall indicate the number of directors and supervisors to be elected in advance of shareholders meeting when number of directors or supervisors set in the articles of incorporation is a range and not a fixed number — On February 20, 2017, the Ministry of Economic Affairs issued a ruling, stating that public companies shall indicate the number of directors and supervisors to be elected in the notice of shareholders meeting when the number of directors or supervisors provided for in the articles of incorporation is a range rather than a fixed number.  If the articles of incorporation is amended to change the number of directors or supervisors in a shareholders meeting, the new number shall not take effect until the next shareholders meeting for election of directors and supervisors. (Alex Cheng)

The amount of foreign investment on private convertible bonds is not subject to the 30% cap of net inflow remittance – The sum of the investments by overseas Chinese and foreign nationals in corporate bonds, financial bonds or other commodities used to be added to the amount of the premiums and the net settlement amount paid for derivative commodities transactions, and the total amount of which were subject to the 30% cap of the net inflow remittance.  On March 13, 2017, the Financial Supervisory Commission issued a new ruling that such investments in private convertible bonds would no longer be subject to the 30% cap. ( Queenie Chen)

The FSC listed the fields that insurance companies may invest under “Other Uses of Fund in Collaberation with Government Policy”. – The FSC issued a letter on March 21, 2017, listing therein the 7 types of projects which insurance companies may invest under “Other Uses of Fund in Collaberation with Government Policy”.  The 7 types are green energy technology, Asian Silicon Valley (IOT), medical biotechnology, national defense industry, smart machine, modern agriculture and recycling industry.  It was effective immediately after the letter was issued.  (Leonard Chen)