Regulatory proposal shifts overseas sales focus to professional investors and entities.
Taiwan’s Financial Supervisory Commission (FSC) is set to relax the eligibility requirements for securities firms to apply for high-asset business and sales targets for structured notes issued by securities firms’ overseas subsidiaries in an effort to expand the client base. In a regulatory revision preview announced on Tuesday (10 February), the regulator said that structured notes issued by securities firms’ overseas subsidiaries will be extended to be sold to Taiwan’s