TAI FSC Engagement in New Service

Published on: Nov 29, 2024

On Dec. 14, TAI FSC issued order re offering onshore, offshore funds.

  • TAI FSC, TAI Justice issued order for the stipulation pursuant to subparagraph 6 of article 5 of Regulations governing centralized securities depository enterprises (CSDE).
  • Approves CSDEs to engage in reviewing cases of offering onshore, offshore funds.
  • Effectiveness
  • The order is effective from Dec. 14, 2023.
  • Oct. 2024 Electronic Shareholder Services
  • On Oct. 25, 2024, TAI FSC, TAI Justice issued order to approve CSDE to engage in the information transmission business of shareholder services for shareholder.
  • Services include account opening application, change of basic information; conducted via electronic transmission using web browser for streamlined information handling.
  • The order is effective immediately, on Oct. 25, 2024.
  • Nov. 2024 E-Counter Platform
  • On Nov. 7, 2024, TAI DCC said it has been authorized to handle shareholder services, including account opening and updating basic information, via an electronic platform.
  • A new platform called e-Counter is under development; expected to go live Mar. 2025.
  • Platform will allow shareholders of publicly-listed companies to digitally sign and apply for shareholder account opening and basic information changes online.
  • Announcements re platform contract terms and operating guidelines made separately.
  • Nov. 8, 2024 E-Counter Implementation
  • On Nov. 8, 2024, TAI DCC said e-Counter will consolidate daily shareholder application data, transmit to issuers’ shareholder services units for automated processing, review.
  • New file formats for data transmission through the e-Counter platform are provided.
  • Relevant regulations and the official system launch date will be announced separately.
  • Nov. 19, 2024 Launch Date
  • On Nov. 19, 2024, TAI FSC said it approved TAI DCC to operate e-Counter platform.
  • The platform aligns with amended Electronic signatures act, promoting digitalization of shareholder services and contributing to Taiwan's net-zero emissions goal by 2050.
  • The e-Counter platform is scheduled to officially launch on May 15, 2025.
  • TAI FSC also said it hopes to help enterprises implement energy conservation and carbon reduction through the continued promotion of digital financial technology.
  • In addition, to continue to move towards sustainable policy development goals.
  • Nov. 26, 2024 TAI DCC E-Counter Services
  • On Nov. 26, 2024, TAI DCC said TAI FSC approved e-Counter platform, official launch set for May 15, 2025; allows shareholders to use digital signatures for online services.
  • The e-Counter platform will be available free of charge to shareholders and companies.
  • Usage agreements, operational guidelines for the platform will be issued separately.
  • In Feb. 2025, TAI DCC issued e-Counter platform operation guidelines, see #244981.
Regulators
TAI DCC; TAI FSC; TAI Justice
Entity Types
B/D; Depo
Reference
Lt DCC No. 1130026426, 11/26/2024; PR 11/19/2024; Lt DCC No. 1130025326, 11/8/2024; Lt DCC No. 1130024304, 11/7/2024; RF FSC No. 1130356119, 11303561192, 10/25/2024; RF FSC No. 1120385293H, 12/14/2023; ESG; Fintech;
Functions
Compliance; Environment; Financial; Legal; Operations; Reporting; Technology
Countries
Taiwan
Category
State
N/A
Products
Custody; Equity; Mutual Funds; Securities
Rule Type
Final
Regions
AP
Rule Date
Dec 14, 2023
Effective Date
May 15, 2025
Rule ID
194799
Linked to
Reg. Last Update
Nov 26, 2024
Report Section
International