Approved foreign exchange business in March 2017

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

1.   Taiwan Depository and Clearing Corporation to expand the scope of payments receipts and disbursements businesses and related information transmission to onshore futures trust funds.

2.   National Credit Card Center of R.O.C. to engage in businesses involving card acquiring, authorization switching and clearing and settlement in foreign currency.

3.   Franklin Templeton SinoAm Securities Investment Management Inc. to handle public offers or private placement of funds denominated in foreign currencies (including Renminbi).

4.   Two branches of two banks to operate foreign exchange business. As of the end of March 2017, there were 3,430 authorized banks, including 3,391 domestic banks, 3 Mainland banks and 36 foreign banks.