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AMENDMENT TO THE "REGULATIONS GOVERNING USE OF INSURER'S FUNDS IN SPECIAL PROJECTS, PUBLIC UTILITIES AND SOCIAL WELFARE ENTERPRISES"
Trisha Chang/Jacqueline Wang
Aiming to encourage insurance companies to invest in infrastructure projects that are actively promoted by the Executive Yuan, expand insurance companies' channels of capital utilization, and enhance the insurance industry's risk management capability regarding major operations strategies used by the invested companies, the Financial Supervisory Commission amended Articles 7 and 9 of the Regulations Governing Use of Insurer's Funds in Special Projects, Public Utilities and Social Welfare Enterprises on 19 July 2012. Major amendments are as follows:
1.
raise the ceiling on insurance companies' investment in public projects to 35% of the invested project's paid-in capital; and
2.
revise the cited provisions and the name of the relevant competent authorities in line with the enactment of the new "Guidelines for Venture Capital Investment Enterprises", the abolishment of the "Scope and Guidelines for Venture Capital Investment Enterprises", and the restructuring of the Executive Yuan.
