Issuance of the interpretive order pursuant to Subparagraph 8 of Paragraph 1 of Article 3 of the Regulations Governing Foreign Investments by Insurance Companies
2018-12-24
To meet the insurers’ needs of short-term foreign currency funds procurement and increase overall foreign currency funds earnings rate, on December 24, 2018 the FSC announced the interpretive order to allow insurance companies to conduct Repurchase Agreement/Re-Sell Agreement (RP/RS) transactions of foreign central government bonds and treasury bills. The total transaction amount can be up to 2% of an insurer’s approved foreign investment amount. The FSC also set related trading requirements and required insurance companies to add related handling procedures.
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2019-02-20