16 October, 2018
On July 13, 2018, FSC promulgated the amendment to the Regulations Governing Offshore Funds. Highlights of the amendment include:
(1) A securities investment consulting enterprise that has the capacity to obtain the real time investment research information facilities concerning offshore funds may apply for offering offshore funds advisory services.
(2) In the event that any classification of an offshore fund resumes to offer for sale in Taiwan the master agent shall obtain the approval from the Securities Investment Trust and Consulting Association in advance and publish within 3 days from the approval date.
(3) Corresponding to the amendment to the Securities Investment Trust and Consulting Act in connection with the number of offerees in private placement, the maximum number of offerees in a private placement of offshore fund, including the qualified natural persons, juristic person or funds, is adjusted from 35 to 99 persons.
For further information, please contact:
C. Y. Huang, Partner, Tsar & Tsai Law Firm
CYHuang@TsarTsai.com.tw
