Approved foreign exchange business in May 2021

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

1. Taishin International Bank to issue foreign currency denominated negotiable certificate of deposits.

2. O-Bank to engage in non-principal protected structured products composed of foreign currency equity options, foreign currency interest rate swaps, and foreign currency interest rate swaptions linked to foreign currency principals.

3. O-Bank to engage in foreign securities trading business provided such trading is neither an investment of proprietary funds nor done to meet hedging purposes.

4. President Securities to issue Exchange Traded Notes tracking the performance of a foreign index.

5. BNY Mellon IM Taiwan Securities Investment Consulting Co., Ltd to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.

6. As of the end of May 2021, there were 3,464 authorized banks, including 3,426 domestic banks, 3 Mainland banks, and 35 foreign banks.