Taiwan’s Financial Supervisory Commission (FSC) has authorised Chang Hwa Commercial Bank to conduct financial products and services for high-asset customers under the FSC’s dedicated regulatory framework, taking the number of approved banks to 20. The FSC noted that the bank submitted a detailed operational plan covering talent cultivation and allocation, product research and development, client investment risk management, and investment in supporting resources and information systems. The bank has also put in place a responsibility map and accountability mechanisms for the high-asset business, strengthened the Board of Directors’ oversight, and continues to implement fair customer treatment and corporate governance. The approval follows the FSC’s March 3, 2025 amendments to the rules, which opened eligibility to all banks and provided for phased relaxation of certain business activities, and the FSC indicated it will continue supervising the development of this business.
Taiwan Financial Services Commission 2025-08-01
Taiwan Financial Supervisory Commission approves Chang Hwa Commercial Bank for high-asset customer financial products and services bringing total approvals to 20 banks
Taiwan's Financial Supervisory Commission has authorized Chang Hwa Commercial Bank to offer financial products and services to high-asset customers, increasing the number of approved banks to 20. The bank's operational plan includes talent cultivation, product development, risk management, and enhanced governance. This follows the FSC's recent rule amendments expanding bank eligibility and relaxing certain business activity restrictions.