Newsletter
"Insurance enterprises may engage in international bond repo transactions on the International Bond Trading System" Explained by Regulator
The Financial Supervisory Commission (FSC) issued a ruling (Ref. No. Jin-Kuan-Pao-Tsai-10302503571) on 7 May 2014 to explain that insurance enterprises may engage in international bond repo transactions on the International Bond Trading System as follows, effective on the same date:
Insurance enterprises may engage in international bond repo transactions on the International Bond Trading System and such transactions shall be made by bond dealers only. In addition, the underlying bonds shall be international bonds that the insurance enterprises are allowed to invest in pursuant to the Regulations Governing Insurance Enterprises Conducting Foreign Investment.