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Tag Archives: FSC

2017 Data protection enforcement decisions by Taiwan’s Financial Supervisory Commission

Taiwan’s Financial Supervisory Commission (the “FSC”) continues to be the only regulatory agency in Taiwan that regularly publishes its data protection enforcement decisions. This update summarizes the FSC’s 2017 data protection decisions. Please see this feature from last year that explains Taiwan’s data protection regulatory regime and discusses the FSC’s 16 decisions between 2012 and [...]

Data protection enforcement decisions by Taiwan’s Financial Supervisory Commission

Taiwan has had data protection laws since the mid-1990s, but a new era in data protection began in October of 2012 when the Personal Information Protection Act of 2010 (the “PIPA”) took force. Enforcement of the PIPA is dispersed. Instead of having a single data protection authority (DPA), central government regulators share responsibility for enforcing [...]

Internal Controls Required at Taiwanese Insurance Intermediaries

The Financial Supervisory Commission recently approved new internal control measures for insurance intermediaries under authority delegated to it by Article 165(3) of the Insurance Act (2011). Previously the Insurance Act required insurers to establish internal controls but not brokers and agents. The Legislature closed this lacuna in June 2011 when it extensively amended the Act. [...]

 

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