02 August, 2007
Draft Financial Services Act Released by FSC
The Financial Supervisory Commission has released its long-awaited draft of Taiwan's Financial Services Act (Chinese only). The draft law is intended to create a unified legal framework for the provision of financial services in Taiwan including banking, securities, futures, and insurance. This unified legal framework is the legislative counterpart to the Commission's unified supervision of the entire financial industry since 1 July 2004. The draft is accompanied by an extensive commentary. The draft bill has been approved by the Executive Yuan and sent to the Legislature.
For further information about the draft Financial Services Act, please contact Chih-Shan Lee at +886-2-2311-2345 ext. 333..
