Taiwan - The Financial Supervisory Commission (“FSC”) Amended the Regulations Of Governing Securities Firms On December 5, 2017.
Legal News & Analysis - Asia Pacific - Taiwan - Regulatory & Compliance
2 February, 2018
For enhancing the compatibility of securities firm internationally, the FSC amended the Regulations of Governing Securities Firms to increase the total external debt limit of securities firm from no more than 4 times of its net worth to 6 times thereof; and amended the regulations that the securities firm may capitalize half of the special reserve when the reserve reaches 50 percent of the amount of paid-in capital to that the securities firm may capitalize the portion of the special reserve that exceeds 25% of the paid-in capital when the special reserve reaches 25 percent of the paid-in capital, so as to allow securities firm to expand the use of the special reserve.
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