The FSC announced the proposed amendment to Regulations Governing Investment in Securities by Overseas Chinese and Foreign Nationals on July 27, 2013. Major subjects include: (1) a securities firm is permitted to be appointed as agent for overseas Chinese or foreign nationals; (2) overseas Chinese residing outside of Taiwan or foreign nationals investing in ordinary corporate bonds denominated in a foreign currency or in securities investment trust fund beneficial certificates issued by a securities investment trust enterprise (“SITEs”) in Taiwan are not required to register as foreign investors; and (3) removal of restrictions that limit a SITE’s investment in local issuing companies through using trust funds issued and collected overseas; such restrictions are to be regulated by the governing authorities of the targeted industries.