• FSC granted preferential treatment to firms under the plan to advance excellence for SITEs and the plan to encourage stronger business ties in Taiwan for offshore funds.

Domestic Firms

• Cathay Securities, Fuh Hwa Securities and Fubon Securities were eligible under the plan to advance excellence for securities investment trust enterprises (SITEs).
• Met basic requirements of no major violations, sound financials, no major deficiencies in internal control; and contributed to development of the asset management industry.
• Preferential measures include applying for investment funds that are not restricted by the current relevant investment securities types, scope and ratio regulations.
• As well as feeder funds, and not being limited to domestic constituent securities ETFs.
• Preferential measures are effective for one year, from 1 October 2020 to 30 September 2021.

Foreign Firms

• 9 asset management groups were eligible, including AllianceBernstein, Allianz SE, Schroders, Invesco, JPMorgan, Fidelity, Nomura, NN Investment Partners, Franklin.
• Not only met basic requirements to grow asset management in Taiwan, but also made contributions such as assisting in cultivating investment research, talent training.
• Preferential measures include being able to introduce new types of overseas funds, relaxation in the upper limit of domestic investors' investment in overseas funds.
• Preferential measures are effective for one year, from 1 October 2020 to 30 September 2021.