Newsletter
COMPULSORY ENROLLMENT OF ALL FINANCIAL INSTITUTIONS IN DEPOSIT INSURANCE SYSTEM
A partial amendment to the Deposit Insurance Statute was passed on the third reading by the Legislative Yuan. The amendment mandates that all financial institutions be enrolled in the deposit insurance system to guarantee the security of all depositor accounts. Additionally, the funds deposit of the Deposit Insurance Company, formerly limited to Central Bank of China accounts, may now be placed with any financial institutions permitted by the authorities-in-charge and furnishing government bonds as security.