The FSC announced a ruling on June 26, 2014, which took effect on the same date, allowing mainland-registered corporations to offer and issue RMB ordinary corporate bonds in Taiwan, and expanding the types of investors to which such bonds may be sold, from professional institutional investors to professional investors.  The issuer shall first obtain a consent letter from the GTSM, and then submit in advance to the Foreign Exchange Bureau of Central Bank the consent letter with proposed issuance procedures, the issuer’s basic information, the use of funds and other information, with a copy to the Securities and Futures Bureau of FSC and the GTSM.