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Approved foreign exchange business in April 2019

Central Bank of the Republic of China (Taiwan)

PRESS RELEASE                                        Release Date: May 13, 2019                

Approved foreign exchange business in April 2019

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

1.     Societe Generale Taipei Branch to commence trading foreign bonds as an agent.

2.     Australia and New Zealand Banking Group Limited Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.

3.     Cota Bank to engage in non-discretionary individually managed money trust business denominated in foreign currencies.

4.     KGI Bank to engage in principal protected structured products composed of foreign currency equity options and foreign currency interest rate swaps linked to foreign currency principals.

5.     Taishin Securities Co., Ltd. to engage in non-principal protected structured products composed of foreign currency equity options linked to foreign currency principals.

6.     Capital Securities Corporation and MasterLink Securities Co., Ltd. to issue Exchange Traded Notes tracking the performance of a foreign index.

7.     One branch of one bank to operate foreign exchange business. As of the end of April 2019, there were 3,440 authorized banks, including 3,402 domestic banks, 3 Mainland banks, and 35 foreign banks.

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