Plan to Encourage Stronger Business Ties in Taiwan for Offshore Funds(No.1010059813)
Issued by：Financial Supervisory Commission
To whom it may concern,
Date: Feb. 6th 2013
Ref. No.: Financial-Supervisory-Securities-Investment No.1010059813
Attachment: Plan to Encourage Stronger Business Ties in Taiwan for Offshore Funds
To encourage offshore fund institutions to provide quality services to investors and facilitate development of the asset management market in Taiwan, the Financial Supervisory Commission (FSC) set up the “Plan to Encourage Stronger Business Ties in Taiwan for Offshore Funds”. Please see the details of this plan in the attachment. Please notify the master agents and request the master agents to inform the offshore fund institutions to operate in coordination.
1. Offshore fund institutions that meet the criteria set by the FSC may apply for authorization with the required verification documents and propose the preferential measures by the end of June each year. When the project is launched in 2013, the offshore fund companies may apply for authorization by the end of July 2013. The data forward for assessment against the Evaluation Indicators 2.2, 2.3, and 3.2, could fall in between Jan. 1st 2012 and Jun. 30th 2013. The Evaluation Indicators 2.1 of this plan, in principle, use the actual asset scale of the first 1/3 of operators in Taiwan as the standard for the average asset scale in the year 2012. As an exception, companies with average asset scales that meet the standard of the actual asset scale of the companies operating in Taiwan from Jan. 1st 2012 to Jun. 30th 2013 will also be eligible to apply.
2. To provide clear guidelines, the relevant terms of this plan will be posted in the Regulations Governing Offshore Funds Q&A “V. Plan to Encourage Stronger Business Ties in Taiwan for Offshore Funds” section in the website of the FSC Securities and Futures Bureau.
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