Taiwan eases VC investment rules for brokerages
Taiwan’s Financial Supervisory Commission (FSC) is going to relax restrictions governing investments by securities houses in venture capital firms, as part of its efforts to broaden their sources of earnings.
Brokerages will be allowed to take a stake of up to 100% in venture capital firms and consultancies, the commission said in a statement on its website. Under the current regulatory regime, they can just invest for a stake of up to 25% in such companies.
The new regulation will enable brokerages to have greater flexibility in fund allocation. The total value of their investment funds, however, is subject to a maximum 40% of their net worth.
The Taiwanese regulator also announced plans to boost the overseas competitiveness of securities houses. They are now allowed to trade offshore securities issued or distributed by the Chinese government and companies of their own accord as well as for Taiwanese customers, the commission said in a separate statement.
As the government's latest move to deepen cross-strait financial ties, the new measures will take effect after going through routine administrative procedures and approvals.
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