Financial Supervisory Commission

Original post by www.taiwanlawresources.com.

Financial Supervisory Commission

The main function of The Financial Supervisory Commission, Executive Yuan is to consolidate the supervision of banking, securities and insurance sectors, and to act as a single regulator for all of these industries. Thus, there are four bureaus under the Commission:

Banking Bureau
Insurance Bureau
Securities and Futures Bureau
Financial Examination Bureau

In addition, there are 4 departments
Department of Planning
Department of Internal Affairs
Department of Legal Affairs
Department of Info Management

The Legal framework of the domestic financial market comes from the following laws:
The Financial Holding Company Act
The Banking Act of the Republic of China
The Securities & Exchange Act
Insurance Law

In dealing with securites, the Securities and Futures Bureau is the main governing body.
Taiwan Stock Exchange Corporation
Gre Tai Securities Market
Taiwan Futures Exchange
Taiwan Securities Central Depository Co., Ltd
Securities & Futures Institute
Taiwan Securities Association
Securities Investment Trust & Consulting Association
Chinese National Futures Association
Securities and Futures Investors Protection Center
Accounting Research and Development Foundation
Taiwan Ratings
Securities and Futures Laws and Regulations

In dealing with banking, the Banking Bureau is the main governing body.
Central Deposit Insurance Corp. (CDIC)
Financial Information Service Co., Ltd. (FISC)
Joint Credit Information Center (JCIC)
Taiwan Depository and Clearing Corporation (TDCC)
Taiwan Academy of Banking and Finance (TABF)
The Bankers Association of the Republic of China (BAROC)
The Taipei Bills Finance Association (TBFA)
Banking Laws and Regulations


In dealing with insurance, the Insurance Bureau is the main governing body.
Peripheral Institutions:
Insurance Institute of the Republic of China
The Non-Life Insurance Association of the Republic of China
The Life Insurance Association of the Republic of China
The Non-Life Underwriters Society of the R.O.C
Risk Management Society of Taiwan, R.O.C.
The Actuarial Institute of the R.O.C.
Life Insurance Management Institute of the R.O.C.
Insurance Agents Association of the R.O.C.
Insurance Brokers Association of the R.O.C.
Surveyors Association of Taipei
Taipei Insurance Service Association
Insurance Laws and Regulations


In dealing with Financial Examination, the Financial Examination Bureau is the main governing body.
Central Bank of China
Ministry of Finance