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FSC amends Article 3 of "Regulations Governing Required Qualifications for Responsible Persons of Insurance Enterprises" and renames the regulations

To coordinate with a 26 May 2021 amendment to Article 137-1 of the "Insurance Act," the FSC on 26 November 2021 amended Article 3 of the "Regulations Governing Required Qualifications for Responsible Persons of Insurance Enterprises" and switched to a new name as the "Regulations Governing Qualification Requirements and Concurrent Serving Restrictions and Matters for Compliance by the Responsible Persons of Insurance Enterprises." Under the amended provisions, for an insurance enterprise responsible person who does not meet the qualification criteria, the legal consequence has been changed to “shall be discharged.” Also, to coordinate with related content in the "Criminal Code of the Republic China," the "Company Act," and the "CounterTerrorism FinancingAct," the disqualification criteria have been revised.
Visitor: 475   Update: 2022-01-13
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