Approved foreign exchange business in November 2015

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

1. As a trustee under “ The Act Governing Electronic Payment Institutions ” and other relevant laws and regulations, an authorized bank that concurrently conducts a trust business and has been approved by the Financial Supervisory Commission to engage in non-discretionary trust funds can serve as a trustee for stored value funds or funds collected/paid as an agent without applying to the Bank for approval.

2. Industrial Bank of Taiwan to issue foreign currency denominated negotiable certificate of deposits.

3. DBS Bank (Taiwan), Union Bank of Taiwan, Bank of America Taipei Branch, HWATAI Bank, KGI Bank, First Bank, Standard Chartered Bank (Taiwan) and Shin Kong Bank to engage in electronic transaction businesses involving foreign exchange.

4. Bank of Taiwan and Taiwan Cooperative Bank to be an investor clearing bank of foreign currency bonds and bills.

5. Fubon Futures to accept the designation of overseas Chinese and foreign nationals to conduct foreign currency discretionary futures business.

6. 2 branches of 2 banks to operate foreign exchange business. As of the end of November 2015, there were 3,417 authorized banks, including 3,378 domestic banks, 3 Mainland banks and 36 foreign banks.