Amendments of Regulations Governing Use of Insurer's funds in Special Projects, Public Utilities and Social Welfare Enterprises
2016-08-31
In order to facilitate the implementation of the Limited Partnership Act, taking effect on November 30, 2015, and to encourage and provide more incentive to insurers for injecting their funds into new domestic enterprises and key innovative industries through investing in the venture capital industry, the FSC amended the Regulations Governing Use of Insurer''s funds in Special Projects, Public Utilities and Social Welfare Enterprises on August 31, 2016. According to the amendment, insurers are allowed to invest in limited partnership enterprises engaged in cultural and creative industries and the venture capital industry. In addition, the threshold for an insurer’s investment in a venture capital corporation subject to subsequent review is raised to NT$ 200 million and 5% of the owner’s equity of the insurer.
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Update：
2017-01-15