The FSC has completed the draft amendment of the Regulations Governing Insurance Brokers and the Regulations Governing Insurance Agents, and plans to announce the draft amendments soon to solicit public comments. The gist of the amendments is as follows: 1. Simplify the current signing operation where a broker/agent company or a bank may sign on relevant documents after it has confirmed prior to the insurer agrees to underwrite a policy that relevant documents have been completely checked according to its internal rules with relevant tracks and supporting documents saved. 2. A bank shall establish a mechanism to check whether there is consistency between the customer and the financial information the customer provides when purchasing an insurance product with a loan from the bank, a time deposit canceled early without penalty or a policy loan. 3. To meet practical business needs, a broker/agent company may apply to operate reinsurance brokerage business only or operate simultaneously insurance and reinsurance brokerage business. 4. An insurance broker company may not make reinsurance arrangement again through another reinsurance broker company and shall preserve and deliver the reinsurance contract to the original insurer. Some of the existing self-regulatory rules for reinsurance broker business are included in relevant rules and regulations.