Amendments to the Regulations Governing Use of Insurer’s Funds in Special Projects, Public Utilities and Social Welfare Enterprises, and issuance of the relevant interpretative order
The FSC amended the Regulations Governing Use of Insurer’s funds in Special Projects, Public Utilities and Social Welfare Enterprises on December 29, 2017, allowing an insurer to make contribution to long-term care institutions registered in accordance with relevant laws and invest in other limited partnership enterprises regulated by the competent authority. Meanwhile, the FSC has also imposed related investment limits and loosen the threshold of subsequent review for an insurer’s investment in venture capital industry.
In addition, the FSC issued a relevant interpretive order on Jan 2, 2018, under which investment by an insurer in a domestic fund created by a national investment company is not subject to pre-approval by the competent authority and is eligible subsequent review. Meanwhile, an insurer is allowed to invest in domestic private equity funds created by national investment companies or subsidiaries of investment trust enterprises for investments in enterprises in the “5+2 innovative industries” and infrastructure projects.