Taiwan’s Financial Supervisory Commission (FSC) has issued an advance notice of a draft amendment that would allow insurance enterprises, and public companies with insurance subsidiaries, to extend the deadline for publicly announcing and filing the previous month’s consolidated operating revenue when they cannot meet the current monthly deadline. From FY 2026, the proposal would permit an extension from the 10th day of each month to the 15th day, reflecting the more complex insurance revenue calculation process following adoption of IFRS 17 Insurance Contracts. The scope covers life insurance, property insurance, and reinsurance enterprises, and excludes insurance brokers and agents. The FSC will publish the draft’s general description and an article-by-article comparison table for public consultation, with comments due within 60 days from the day after the announcement via the FSC Laws and Regulations Retrieving System.
Taiwan Financial Services Commission 2025-03-13
Taiwan Financial Supervisory Commission consults on extending insurers’ monthly consolidated operating revenue filing deadline from the 10th to the 15th day from FY 2026
Taiwan's Financial Supervisory Commission proposes a draft amendment allowing insurance enterprises and public companies with insurance subsidiaries to extend the deadline for announcing and filing monthly consolidated operating revenue from the 10th to the 15th day, starting FY 2026. This change accommodates complex revenue calculations under IFRS 17 Insurance Contracts and applies to life, property, and reinsurance enterprises, excluding brokers and agents.