To align with international market practices and developments, Taiwan’s regulators have implemented a number of initiatives and agreed on the easing of some regulations.

Investors – including foreign institutional investors (Finis) – have been allowed to conduct same-day turnaround trades and the multiple trading account opening processes for Finis have been simplified. From September 2014, Finis have been able to open accounts for portfolio segregation based on various investment purposes by providing a market standard request letter detailing the purpose of the account. Supporting documents only need to be provided if required by local regulators.

To further connect with international securities markets and to provide more diversified services to both domestic and foreign investors, the Taiwan Stock Exchange (TWSE) is working with the Singapore Stock Exchange to establish a direct trading link with a plan for implementation in 2015.

The Taiwan Depository and Clearing Corporation has been working with international voting agents and custodian banks to establish a STP voting platform, to facilitate foreign investors’ exercise of voting rights, says Shirley Tsai, head of HSBC Securities Services Taiwan. 

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