The Central Bank of the Republic of China (Taiwan) approved several foreign exchange business permissions for June 2025, covering a structured note issuance by CTBC Bank, foreign exchange-related wealth management activities by two life insurers, and an offshore fund distribution-related mandate for Tarobo Investment Advisors. CTBC Bank was authorised to issue dollar-denominated senior unsecured structured notes linked to equity derivatives. Cathay Life Insurance and Nan Shan Life Insurance received approval to engage in wealth management business involving foreign exchange. Tarobo Investment Advisors LTD was approved to act as the local mandated agent of an offshore fund institution and conduct private placements to specified counterparties. The central bank also reported that, as of end-June 2025, there were 3,450 authorised banks, including 3,410 domestic banks, three Mainland banks and 37 foreign banks.
Central Bank of Taiwan 2025-07-14
Central Bank of the Republic of China (Taiwan) approves June foreign exchange business authorisations for CTBC Bank, two life insurers and Tarobo Investment Advisors
The Central Bank of the Republic of China (Taiwan) granted foreign exchange business permissions for June 2025, including CTBC Bank's issuance of dollar-denominated structured notes linked to equity derivatives. Cathay Life Insurance and Nan Shan Life Insurance were approved for foreign exchange-related wealth management activities, while Tarobo Investment Advisors LTD received authorization for offshore fund distribution. By end-June 2025, Taiwan had 3,450 authorised banks, including 3,410 domestic, three Mainland, and 37 foreign banks.