Newsletter
Amendment to Articles 8 and 18 of the Regulations Governing Insurance Enterprises Conducting Foreign Investment
FSC issued a ruling (Ref. No. Jin-Kuan-Pao-Tsai-10302511151) on 19 December 2014 to amend Articles 8 and 18 of the Regulations Governing Insurance Enterprises Conducting Foreign Investment. Key amendments are summarized as follows:
1. New addition that a qualified fund management institution is exempt from the requirement of being duly incorporated in an OECD member state and at least 5 years' experience in management of private equity funds with not less than US$500,000,000 or equivalent in assets.
2. New addition that the relevant transaction and investment limits approved by competent authorities on insurance enterprises merging with troubled insurance enterprises or assuming their businesses, assets or debts in whole or in part are exempt from the restrictions on investments and investment limits stipulated in the Regulations.