Approved foreign exchange business in January 2019

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

1.    E. Sun Commercial Bank to issue foreign currency denominated negotiable certificate of deposits.

2.    Taipei Fubon Commercial Bank to engage in principal protected callable structured products composed of foreign exchange rate options and foreign currency equity options linked to foreign currency principals.

3.    Morgan Stanley Taiwan Limited to underwrite foreign currency denominated international bonds.

4.    Yuanta Securities Co., Ltd. to engage in spot foreign exchange transactions related to the securities business.

5.    Franklin Templeton Securities Investment Consulting (SinoAm) Inc. to conduct the foreign currency discretionary investment business.

6.    As of the end of January 2019, there were 3,444 authorized banks, including 3,406 domestic banks, 3 Mainland banks, and 35 foreign banks.