Welcome to the Securities and Futures Bureau (SFB) website.
The SFB is an arm of the FSC, and is charged with responsibility for capital market supervision and CPA oversight. As part of our response to globalization and international competition in securities markets, the SFB intends to use this website to keep you abreast of the latest securities and futures regulations, market statistics, and related supervisory information. We welcome you to explore the site, and wish you a pleasant browsing experience here!
The SFB is committed to creating a friendly and competitive capital market environment. We are keen to solicit the views and support of the public, so that we can all work together to achieve breakthroughs and innovations in our capital markets, to spur increased market momentum, and to generate more opportunities.
The SFB’s strategy and policy:
1.Boost direct finance: The financial turbulence brought on by the COVID-19 pandemic has caused companies to suffer cash shortages. The SFB aims to play a crucial role in building a smooth funding channel to help SMEs and start-ups raise funds more easily. The SFB attempts to utilize the advantages of abundant domestic capital, thereby strengthening the competitiveness of domestic companies and boosting the real economy.
2.Enhance corporate governance: To keep up with international trends, the SFB will launch the Corporate Governance Roadmap 3.0 for Sustainable Development, to address a diversified and comprehensive range of ESG (environmental, social, and governance) issues, to enhance English-language disclosures and communications, especially to facilitate shareholder activism by institutional investors, and to spur them to recognize the importance of ESG issues, thereby acting as a force in support of market supervision. In light of international experience with the promotion of sustainable commodity markets, the SFB is working to strengthen sustainable and green financial products, to effectively allocate market capital, and to encourage companies to improve ESG measures, thereby making Taiwan's capital markets more competitive and promoting sustainable development.
3.Strengthen the competitiveness of securities and futures enterprises, and maintain primary and secondary market stability: Efforts on this front include steps to enhance securities firms’ presence in investment banking business, so they can play a critical role in assisting corporate financing and supporting the development of fintech and innovative companies.
4.Develop diversified financial products that are suitable for international markets, introduce innovative trading systems, and facilitate the launch of distinctive asset management businesses: For example, we intend to establish a central counterparty clearing house (CCP) for OTC derivatives, and spur increased activity in the real estate securitization market, so as to promote internationalization of domestic capital markets.
5.Strengthen the “first line of defense” function of market supervision and improve the quality of expert practices and opinions: For example, the SFB will promote the use of audit quality indicators (AQIs) to increase the transparency of audit quality and obtain better results from auditor oversight, so as to enhance protection of the public interest.
B.Director-General, Securities and Futures Bureau
Visitor： 26036 Update： 2020-05-28