Approved foreign exchange business in June 2017

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 structured products composed of cross currency swaps between foreign currencies linked to foreign currency principals, and principal protected structured products composed of foreign exchange rate options and foreign currency equity options linked to foreign currency principals.

2.   MasterLink Securities to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties in Taiwan.

3.   Yuanta Securities to engage in wealth management business by means of NTD or foreign currency semi-discretionary individually managed money trust through its head office.

4.   KGI Securities to engage in non-principal protected structured products composed of foreign currency equity options linked to foreign currency principals.

5.   Two branches of two banks to operate foreign exchange business. As of the end of June 2017, there were 3,439 authorized banks, including 3,400 domestic banks, 3 Mainland banks and 36 foreign banks.