meta_id 3064898

On April 14, 2026, the Financial Supervisory Commission (FSC) announced proposed amendments to regulations governing securities firms' unsecured lending services. The FSC intends to expand the types of collateral accepted for such lending by permitting foreign bonds, effective under the Securities and Futures Bureau's December 28, 2021 directive. The proposed amendments aim to enhance liquidity management flexibility for investors holding foreign bond assets and enable securities firms to provide more comprehensive financial services. Key modifications include: (1) adding foreign bonds as eligible collateral for unsecured lending, with the requirement that new Taiwan dollar loans cannot be converted to foreign currency; and (2) defining the scope of foreign bonds by reference to the Securities Firms' Rules for Handling Entrustment of Foreign Securities Trading, requiring bonds to carry an investment-grade or higher rating from credit rating agencies recognised by the FSC. The FSC states this expansion will activate investors' foreign bond holdings, improve capital allocation efficiency, and allow securities firms to integrate multiple services including discretionary investment accounts, unsecured lending, sub-accounts, and Taiwan stock brokerage into a unified offering. This integration is intended to enhance competitive positioning for securities firms and provide investors with streamlined financial services. The draft amendments will be published in the Executive Yuan Gazette and on the FSC website, including detailed explanations and comparative tables of proposed changes. Interested parties may submit comments within 60 days of publication through the FSC's Regulatory Query System at http://law.fsc.gov.tw/ under the "Draft Announcements" section. Enquiries may be directed to the Securities and Futures Bureau's Securities Firm Management Division at (02) 2774-7401.