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Approved foreign exchange business in February 2020

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                                        Release Date: March 13, 2020                      

Approved foreign exchange business in February 2020

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

  1. Taipei Fubon Commercial Bank to engage in principal protected callable structured products composed of foreign currency equity options, foreign currency interest rate swaps, foreign currency interest rate options, and foreign currency interest rate swaptions linked to foreign currency principals.

  2. Ezfunds Securities Investment Consulting Enterprise Ltd. to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.

  3. Goldmine Securities Investment Consulting Co., Ltd. to conduct the foreign currency discretionary investment business.

  4. As of the end of February 2020, there were 3,461 authorized banks, including 3,423 domestic banks, 3 Mainland banks, and 35 foreign banks.

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