Taiwan

Amendments to Articles 11 and 21, and Appendix 2 to 4 of Article 10 of the "Regulations Governing the Scope of Business, Restrictions on Transfer of Beneficiary Rights, Risk Disclosure, Marketing, and Conclusion of Contract by Trust Enterprises"

The FSC has amended Articles 11 and 21, and Appendices 2–4 of Article 10 of the Regulations Governing Trust Enterprises, aiming to eliminate age-based discrimination and align with international standards on TLAC bonds. The changes prohibit trust enterprises from accepting new TLAC bond investment orders from non-professional investors, while allowing only selling orders for existing holdings. Additionally, the FSC removed the restriction on soliciting clients aged 70 and above, provided that proper suitability assessments are conducted.

Date of Release: 10 April 2025 Implementation on: 10 April 2025 Applicable to: Financial institutions and market Participants

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