Reporting requirements from Central Bank of the Republic of China (Taiwan)

In conjunction with the insurance industry's application of International Financial Reporting Standard (IFRS 17) "Insurance Contracts" starting from 2026, the 4 monthly report forms and 1 cross-table verification formula for Offshore Insurance Units (OIU) of reinsurance companies are hereby revised. Your company's OIU is requested to handle this in accordance with the instructions.

To align with the insurance industry's adoption of International Financial Reporting Standard 17 (IFRS 17) 'Insurance Contracts' starting in 2026, 4 monthly report forms and 1 cross-table check formula for Offshore Insurance Units (OIUs) of property and casualty insurance companies are hereby amended. Please review and forward to your members for compliance as instructed.

In order to accommodate the insurance industry's application of International Financial Reporting Standard (IFRS 17) 'Insurance Contracts' starting from 2026, 5 monthly report formats and 1 cross-table validation formula for Offshore Insurance Units (OIUs) of life insurance companies are hereby amended. Please review and forward to your member institutions for compliance as instructed.

Amendments to certain provisions, Annexes 5 and 6 of Point 27, and Schedule 11 of Point 28 of the "Directions for Banking Enterprises in Assisting Clients in Declaring Foreign Exchange Receipts and Disbursements or Transactions"

Some articles of the Regulations Governing Foreign Exchange Business of Banking Enterprises were amended and promulgated by the Bank on July 15, 2025 via Order No. Tai-Yang-Wai-Qi-Zi-1140026954. Attached are one copy each of the amended articles, general explanation, and comparison table. Please review and act accordingly.

Point 10 of the 'Operational Guidelines for Banks Handling Foreign Exchange Business' was amended and promulgated by this Bank on January 15, 2025, via Order No. Tai-Yang-Wai-Qi-Zi-1140003134, and shall take effect from the date of issuance

Directive on adjusting the amounts specified in the main text of Article 4, Paragraph 1, Subparagraph 3 and Article 6, Paragraph 1, Subparagraph 1 of the Regulations Governing Foreign Exchange Receipts and Disbursements or Transactions

Regulations regarding the Code-Word labeling of outward remittance messages between designated banks (DBUs) and offshore banking units (OBUs) customers shall be handled in accordance with the explanatory notes. Please review and comply.

Hereby amending the attachments 1-2 and 8 of the letter dated December 28, 2017 with reference Tai-Yang-Wai-Ba-Zi No. 1060051685 issued by this Department regarding the "Instructions for Reporting Foreign Exchange Receipts and Disbursements or Transaction Statistics to the Central Bank by Securities Firms and Offshore Securities Branches" (referred to as Reporting Instructions), please inspect and handle accordingly.

Amendments to the 'Item Descriptions for Computerized Verification of Transaction Document Content by Banking Enterprises' and the 'Classification Table of Remittance Natures for Transactions via Electronic or Communication Equipment by Designated Banks'

This is to amend Attachments 1, 3, 6, 7, and 8 of the "Instructions for Electronic Payment Institutions to Report Foreign Exchange Income and Expenditure or Transactions" in the Bank's letter dated June 30, 2021, with Ref. No. Tai-Yang-Wai-Ba-Zi-1100025765

Partial provisions of the 'Directions for Foreign Exchange Banks in Assisting Customers to Declare Foreign Exchange Receipts and Disbursements or Transactions' and the appendix 1 and appendix 4 of point 24, appendix 10 of point 26, and appendix 11 of point 28 have been amended and promulgated by the Bank on July 4, 2024, under Order No. Tai-Yang-Wai-Wu-Zi-1130024757, effective from the date of promulgation. Attached is 1 copy of the amended provisions; please inspect and comply.

Certain provisions of the "Directions for Foreign Exchange Securities Firms Assisting Clients in Declaring Foreign Exchange Receipts and Disbursements or Transactions" have been amended and promulgated by the Central Bank via Order No. Tai-Chung-Yuan-Wai-Wu-Zi-1130024758 on July 4, 2024, effective from the same date. A copy of the amended provisions is attached for your reference.