Taiwan's Financial Supervisory Commission (FSC) allows professional investors to invest in foreign virtual asset ETFs, Taiwanese institutions may invest in Bitcoin.

In order to provide investors with more diversified investment options and enhance the vitality of securities firms' discretionary trading business, the Financial Supervisory Commission (FSC) announced the opening of professional investors to invest in foreign virtual asset ETFs through discretionary trading. This policy not only offers new choices for investors but also injects new momentum into Taiwan's financial market.

Only Open to Professional Investors

Due to the complex nature and high volatility of virtual assets, the Financial Supervisory Commission stipulates that only professional investors can participate in foreign virtual asset ETF investments through securities firms' discretionary trading. Qualified professional investors include professional institutional investors, high-net-worth corporate investors, high-asset clients, legal entities or funds that are considered professional investors, as well as natural persons classified as professional investors.

Brokerages Must Strengthen Customer Suitability Assessment

To ensure that investors have sufficient investment experience and knowledge, brokerages providing virtual asset ETF services must establish a comprehensive suitability assessment system, which must be reviewed and approved by the board of directors. Before a customer makes their first purchase of a virtual asset ETF, the brokerage must assess whether the customer has relevant investment experience and professional knowledge to ensure the suitability of the investment risk for the customer.

Investors Must Sign Risk Disclosure Statements

Except for professional institutional investors, other investors must sign a risk disclosure statement before their initial purchase of a virtual asset ETF. This document informs investors of relevant investment risks, and after the investor signs it, the brokerage can accept their order, ensuring that investors fully understand the investment risks.

Provide Information on ETF Products

In addition to professional institutional investors, brokerages must provide investors with information on ETF products before accepting their first purchase of virtual asset ETFs to help investors fully understand the characteristics and risks of the virtual asset ETF they are investing in.

Enhance Education and Training for Business Personnel

To enhance the understanding of brokerage business personnel regarding virtual assets and related products, the Financial Supervisory Commission requires brokerages to regularly provide relevant educational training to their business personnel. This helps business personnel better grasp the characteristics and risks of virtual asset ETFs, further assisting clients in making more informed investment decisions.

Financial Supervisory Commission Continuously Improves Policy Regulations

The Financial Supervisory Commission stated that it will continue to monitor the implementation of discretionary trading services by securities firms and improve relevant regulations to ensure the protection of investors' rights and enhance the competitiveness of securities firms in the field of virtual asset investments.