OREANDA-NEWS. In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1.  Authorized banks to apply for approval to be a settlement bank of foreign currencies other than USD, RMB, JPY and EUR under The Foreign Exchange Interbank Clearing System.

2.  Restatement of related requirements for banking enterprises engaging in purchasing and selling of foreign currency cash and traveler's checks to enhance financial consumer protection and counterfeit foreign currency note prevention.

3.  Securities Enterprises that have been approved to engage in domestic bond underwriting to provide financial planning, evaluation and consulting services related to the offering and issuance of international bonds.

4.  Amendment of “Regulations Governing Foreign Exchange Business of Insurance Enterprises”.

5.  EnTie Commercial Bank, Ta Chong Bank and Cota Commercial Bank to engage in electronic transaction businesses involving foreign exchange.

6.  Chang Hwa Commercial Bank to be an investor clearing bank of foreign currency bonds.

7.  Jih Sun Securities Investment Trust Co., Ltd. to conduct the foreign currency discretionary investment business.

8.  UBS Asset Management (Taiwan) Ltd. to act as the domestic trustee of private placement offshore funds to manage the sale of funds to specific clients.