The FSC announced on September 23, 2013 proposed amendments to parts of the Regulations Governing Domestic Branches of Financial Institutions. Major amendments include:
- allowing financial institutions to concurrently operate businesses relating to the sale and purchase of foreign bonds;
- a foreign securities firm seeking to establish a branch in Taiwan must have the approval of
- the securities regulator of the headquarters company of the branch and
- the securities regulator of the parent company of the headquarters company; and such parent company must agree to be jointly responsible for the financial liabilities of the branch investing in Taiwan, and must provide documentation evidencing such joint liability.