| Organisation |
| Organisation |
Order of the Financial Supervisory Commission |
| Issue No. |
| Issue No. |
Financial-Supervisory-Securities-SITC 1140384085
CH
|
| Issue Date |
| Issue Date |
2025/09/02 |
| Content |
| Content |
Order of the Financial Supervisory Commission (FSC)
Issue date: 2 September 2025
Issue no.: Financial-Supervisory-Securities-SITC-1140384085
- Pursuant to Article 23, paragraph 1, subparagraphs 4 and 5 of the Regulations Governing Offshore Funds, the percentage limit on investment in any individual offshore fund by domestic investors, and the percentage limit on investment by an offshore fund in the Republic of China (Taiwan) securities market, are as set out below:
- The investment in any individual offshore fund by domestic investors may not exceed 50 percent of the fund's net asset value. However, if an offshore fund's place of registration is recognized and publicly announced by Taiwan in accordance with Article 23, paragraph 2 of the Regulations, or if the offshore fund institution is recognized by the FSC on a special-case basis for its concrete contributions in enhancing the operation and development of asset management business in Taiwan, the aforesaid cap on investment by domestic investors is 70 percent. Or, if the offshore fund institution establishes a global or regional fund service institution in Taiwan that performs core asset management functions of a technical nature such as investment research, product design, risk control, or investment trading operations, and it furthermore is recognized by the FSC on a special-case basis, the aforesaid cap on investment by domestic investors is 90 percent. The FSC also may, depending on the regulatory needs of the securities market, lower the cap on investment in any individual offshore fund by domestic investors to 40 percent.
- The investment portfolio of an offshore fund may not have the Republic of China securities market as its primary investment region. The fund's investment in the Republic of China securities market may not exceed 50 percent of its net asset value.
- This Order is effective from this day forward. FSC Order No. Financial-Supervisory-Securities-SITC-1030043688 of 26 November 2014 is repealed from this day forward.
|
|
|