The regulator has allowed eligible banks to provide family office advisory services outside pilot zones and introduced insurance reforms aimed at supporting the growth of Taiwan’s high-net-worth wealth-management sector.

Taiwan’s Financial Supervisory Commission (FSC) has unveiled two regulatory measures to support the island’s ambition of becoming an Asian asset management hub, widening wealth-management opportunities for high-net-worth clients and expanding the scope of insurance-based wealth solutions, according to an 8 October announcement.  Firstly, FSC has issued the Regulations Governing Banks' Provision of Family Office Advisory Services, enabling eligible banks to offer family office a