Tag: fsc

A little-known change in Taiwan's tax rules could mean a 20% tax rebate on institutional mandate fees for offshore asset managers – or could it? The much-anticipated China-Taiwan MoU has been signed, but Taiwanese fund houses have yet to meet basic requirements to apply for QFII status, or take up QDII portfolio adviser ... The new subsidiary will support the distribution of Natixis Global Asset Management's products and represents a model for future growth in mainland China and Hong Kong. The Taiwan regulator is tightening enforcements around the marketing activities of unregistered offshore providers on the island. China is nipping equity exposure in bank wealth management products, while structured product distribution will be treated with a heavier hand in Taiwan. The FSC is making disclosure on social responsibility compulsory for Taiwan-listed firms so that investors can better understand the processes and progress that companies are ... The German insurer has received a slap on the wrist from the FSC for linking long-duration structured bonds to its investment-linked policies. ETFs linked to 15 indices by MSCI, Dow Jones Indexes, S&P, Citi and Merrill Lynch are included in the list. Officials from the CSRC, CBRC and CIRC have met with counterparts in Taiwan’s FSC. Market watchers expect a deal to be finalised by mid-2009. The FSC is keeping busy with market reforms. Its goal: unseat Hong Kong as Greater China’s regional asset management centre. The FSC is patching up a loophole on insurers’ exposure to Fannie, Freddie and Ginnie bonds and mortgage-backed securities. The move is aimed at enhancing risk controls on the ... Fair value and mark-to-market rules have been blamed for exacerbating the credit crunch. Now the island may follow the IASB’s plan to relax asset classifications. The announcement signals a departure from a decade of closed-door policy. Regulators hope this will attract foreign investments and listings in Taiwan. Happy days in Taiwan: AIG's Taiwan insurance JV and the local China Life are the latest to get approval for higher offshore allocations. Under the proposed rules, Taiwanese banks will no longer have a monopoly on the $232 billion trust industry. In its latest move to boost the competitiveness of Taiwan’s financial industry, the FSC says it will simplify fund rules for exchange-traded funds. Insurers can expect a freer rein on managing their assets as all rules regarding derivatives are to be annulled today. An island flooded with liquidity beckons, says Lee Shyan-Yuan, a commissioner at Taiwan’s Financial Supervisory Commission. FSC commissioner Lee Shyan Yuan says the regulator recognises that the industry's traditional static portfolio theories are inefficient and that change is at hand. The regulator will soon announce steps to prevent a potential run within a few weeks.