On Jun. 25, TAI EXC amended rules to align with ESG development.
TAI EXC amended Securities borrowing and lending rules, Directions for collateral management in fixed-price and competitive auction securities borrowing and lending transactions, to align with ESG development goals and digital paperless policies.
In addition, amended the Regulations governing performance bonds for securities borrowing and lending by securities firms and securities finance enterprises.
Document dated Jun. 25, 2024, received from TAI EXC Jun. 26, summarized Jun. 28.
Overview of Amendments
Introduce blockchain platform for issuing guarantees, approved by financial regulators, ensures electronic data transmission accuracy; use of digital certificates under Electronic signatures act for identity verification, consent in electronic transactions.
In addition, procedures established for electronic submission and approval of applications for issuing and returning guarantees between banks and the TWSE.
Plus, covers pricing transactions, collateral management in securities borrowing and lending; emphasizes consistency, compliance with digital transformation initiatives.
