The FSC announced on September 23, 2013 proposed amendments to parts of the Regulations Governing Domestic Branches of Financial Institutions.  Major amendments include:

  1. allowing financial institutions to concurrently operate businesses relating to the sale and purchase of foreign bonds;
  2. a foreign securities firm seeking to establish a branch in Taiwan must have the approval of
  1. the securities regulator of the headquarters company of the branch and
  2. 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.