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Enforcement Letter

 
Organisation: Financial Supervisory Commission (FSC)
Issue No.: Financial-Supervisory-Securities-Firms-1090359321 
Issue Date: 2020/11/02
Content:     Order of the Financial Supervisory Commission (FSC)

    Issue date: 2 November 2020
    Issue number: Financial-Supervisory-Securities-Firms-1090359321

  1. Under Article 17, paragraph 1, subparagraph 1 of the Regulations Governing Offshore Structured Products, for an offshore structured product to be offered in the Republic of China to professional investors for trust investment, brokerage trade, or linking to an investment-linked insurance product, the long-term credit rating of the issuing institution or the guarantor or the issue rating of the offshore structured product must meet a certain rating level or higher given by a credit rating agency as set out in Attachment 1.
  2. Under Article 18, paragraph 1, subparagraph 1 of the Regulations Governing Offshore Structured Products, for an offshore structured product to be offered in the Republic of China to non-professional investors for trust investment, brokerage trade, or linking to an investment-linked insurance product, the long-term credit rating of the issuing institution or the guarantor and the issue rating of the offshore structured product must meet a certain rating level or higher given by a credit rating agency as set out in Attachment 2.
  3. This Order is effective from this day forward. FSC Order No. Financial-Supervisory-Securities-Firms-1070331570 of 30 August 2018 is repealed from this day forward.