Approved foreign exchange business in June 2015

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

1.  The establishment of Foreign Exchange Interbank Clearing System to process onshore and cross-border remittances in EUR.

2.  Authorized banks to provide interbank foreign cash withdrawal by debiting New Taiwan dollar accounts through foreign currency automatic teller machines (ATM).

3.  Agricultural Bank of Taiwan to establish a foreign department to engage in foreign exchange business.

4.  KGI Securities to engage in foreign currency equity options linked to domestic equities.

5.  CTBC Bank and Standard Chartered Bank (Taiwan) Ltd. to engage in certifying, underwriting, brokering, and trading foreign currency bills.

6.  Mega Securities to engage in principal protected or non-principal protected structured products composed of foreign equity options linked to foreign currency or New Taiwan dollar principals.

7.  CTBC Investments Co., Ltd. to act as a single master agent in offering and selling offshore funds in Taiwan.

8.  BNP Paribas Investment Partners Taiwan Co.,Ltd to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.

9.  4 branches of 2 banks to operate foreign exchange business. As of the end of June 2015, there were 3,411 authorized banks, including 3,372 domestic banks, 3 Mainland banks and 36 foreign banks.