Taiwan’s financial regulator plans to create a new legal framework for its $387 billion asset management sector, Taipei-based Economic Daily News reports.
The Financial Supervisory Commission is working on the initial framework for a new regime that would allow asset managers and other financial firms to offer money-management services with one license, the report said, citing FSC chairman
The aim is to provide a stable, long-term regulatory framework, giving both domestic and international institutions a more favorable business environment. The move would mark a shift from Taiwan’s current segmented regulatory structure where banks, securities ...