Taiwan’s Financial Supervisory Commission (FSC) published an advance notice of draft amendments to relax rules for securities firms applying to conduct wealth management business for high-asset customers and to broaden who can buy certain offshore structured products, as part of its push to develop Taiwan as an Asia asset management center. The package would amend, among other provisions, the Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities and the Directions for the Conduct of Wealth Management Business by Securities Firms. Key proposals include removing the net worth restriction and the requirement for firms to make specific commitments on capital attraction and talent recruitment when applying to conduct high-asset customer business, while adding conditions such as having no accumulated deficit and meeting relevant supervisory ratio requirements under the Regulations Governing Securities Firms (including the liabilities-to-net-worth ratio). For offshore structured products issued by securities firms’ offshore subsidiaries, eligible purchasers would be expanded beyond high-asset customers, professional institutional investors and high-net-worth corporate investors to also include juristic persons or funds of professional investors and natural persons of professional investors; securities firms would also be allowed to conduct wealth management business in the form of a trust and to offer foreign currency denominated structured financial bonds issued by domestic banks to professional investors. The FSC added that it will continue to consider financial soundness, including net worth, in application reviews as part of tiered business-line management. The draft amendments will be published in the Executive Yuan’s official gazette and posted on the FSC website with a general description and comparison table. Comments are due within 14 days starting from the day after the gazette notice is published.
Taiwan Financial Services Commission 2026-02-10
Taiwan Financial Supervisory Commission proposes easing securities firms’ entry to high-asset customer wealth management and widening eligible buyers of offshore structured products
Taiwan's Financial Supervisory Commission has issued draft amendments to ease regulations for securities firms in wealth management for high-asset clients and expand eligibility for certain offshore structured products. Key changes include removing net worth restrictions and specific commitments for high-asset customer business applications, expanding eligible purchasers for offshore products, and allowing wealth management in trust form.