Approved foreign exchange business in October 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 Cooperative Securities to serve as a liquidity provider for foreign currency ETFs listed on Taiwan Stock Exchange.

2.   Three branches of two banks to operate foreign exchange business. As of the end of October 2017, there were 3,443 authorized banks, including 3,405 domestic banks, 3 Mainland banks and 35 foreign banks.