On Mar. 19, TAI FSC proposed to relax age restrictions on trading.
TAI FSC, TAI Justice proposed to amend article 14 and 23 of Regulations governing securities firms accepting orders to trade foreign securities, re product suitability.
Proposed Amendments
For securities firms entrusted to trade foreign securities for solicited clients who are non-professional investors, the age limit of 70 years or below will be removed.
Securities firms recommending products should do so based on suitability assessments.
When securities firms accept orders from high-net-worth institutional investors and high-asset corporate clients to purchase foreign securities, they may deposit these securities with a custodian institution that has been designated by the client.
Consultation Period
Consultation is open from Mar. 20, 2025 to May 19, 2025.
