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Taiwan announces foreign institutional investors may appoint more than one custodian

|Tax Alerts, National/Federal Taxation, G ...

  • To attract foreign investment in the Taiwan stock market, the Financial Supervisory Commission (FSC) announced that foreign institutional investors (FINIs) may appoint more than one local custodian.
  • If appointing more than one local custodian, a FINI must designate one primary custodian, along with up to three secondary custodians.
  • This measure is scheduled to be implemented by the Taiwan Stock Exch…

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