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In July 2025, Professor Wang-Ruu Tseng, Director of the Center for Innovative Enterprise Law (CIEL), and Professor Yueh-Ping Yang, Deputy Director, were invited by the Financial Supervisory Commission (FSC) to attend a public hearing on the draft amendments to the Regulations Governing the Investment of Financial Holding Companies, where they provided professional insights on the […]

In July 2025, Professor Wang-Ruu Tseng, Director of the Center for Innovative Enterprise Law (CIEL), and Professor Yueh-Ping Yang, Deputy Director, were invited by the Financial Supervisory Commission (FSC) to attend a public hearing on the draft amendments to the Regulations Governing the Investment of Financial Holding Companies, where they provided professional insights on the key revisions.

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Since its promulgation in December 2010, the Regulations have undergone two amendments, the most recent in May 2022. The current draft represents a comprehensive revision, expanding the provisions from 12 to 13 articles. The main directions include:

  • Strengthening rules governing investment activities of financial holding companies while moderately relaxing financial leverage requirements, balancing institutional stability and market order.

  • Adding corporate governance requirements for investment decision-making, such as requiring the first investment case of a financial holding company to be reviewed by the audit committee and assessed by external independent experts, in order to protect shareholder rights and ensure prudent decision-making.

  • Clarifying the required documents for investment applications, disclosure of tender offer conditions, and restrictions on reapplications.

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The hearing gathered opinions from scholars and experts with the aim of ensuring that the legal framework balances flexibility and transparency in financial holding company mergers and investments, while enhancing overall market governance. CIEL will continue to monitor the evolution of related regulations and promote the development of a sound financial legal environment.

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