The FSC issued the letter Ref. No. Jin-Guan-Bao-Shou-Zi No. 10400954511 dated 23 December 2015 to elaborate on Subparagraph 3 of Paragraph 1 of Article 9 of the Regulations Governing Offshore Insurance Branches regarding the linked investment objects of an investment-linked insurance and the utilization of its separate account assets. The main points are as follows:
- Unless otherwise approved by the
competent authority, the linked investment objects of an
investment-linked insurance and the utilization of its separate
account assets shall not be New Taiwan Dollar exchange rate, New
Taiwan Dollar interest rate index, or New Taiwan Dollar-denominated
products, and the investment portfolio may not involve any product
denominated in New Taiwan Dollars:
- Offshore funds;
- Foreign currency classes of multi-currency funds including NTD classes issued by domestic securities investment trust enterprises.
- Foreign currency denominated structured products issued by offshore securities branches of which the linked investment objects are related to stock price indices of the securities market of the Republic of China, provided that they shall be denominated and settled in the foreign currency.
- Investment in the aforementioned (1) and (2) excluding the foreign currency denominated international bonds (including Formosa bond) in the securities market of the Republic of China shall not exceed 30% of its net asset value.
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