FSC continues to encourage insurance industry capital to be channeled into domestic public construction
2016-12-05
For the past few years, the FSC has encouraged insurers to actively invest in domestic public infrastructure. On November 9, 2016, the President promulgated amendments of Article 146-5 of the Insurance Act, allowing insurers, or their representatives, to be board directors or supervisors of invested entities engaged in domestic public infrastructure. However, the respective percentage of board directors, or supervisors cannot exceed one third of the board directors, or supervisors, of the invested entity, and meanwhile, the insurers are not allowed to appoint designees to be hired as managers of the invested entity. From year 2010 to 2016, the FSC has also made many amendments to the Regulations Governing Use of Insurers’ Funds in Special Projects, Public Utilities and Social Welfare Enterprises in order to increase insurers’ motivation to invest in domestic public infrastructure and their investment amount.
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Update：
2017-01-15