Central Bank of the Republic of China （Taiwan）

PRESS RELEASE                      Release Date: September 12, 2019           

Approved foreign exchange business in August 2019

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1.    Natixis Taipei Branch to engage in foreign currency interest rate swaps.

2.    MasterLink Securities to engage in wealth management business by means of NTD or foreign currency semi-discretionary individually managed money trust.

3.    SinoPac Securities to serve as a liquidity provider for foreign currency ETFs listed on Taiwan Stock Exchange.

4.    As of the end of August 2019, there were 3,455 authorized banks, including 3,417 domestic banks, 3 Mainland banks, and 35 foreign banks.