Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

The Bank shall undertake the following foreign exchange business:

1.To draw up plans for foreign exchange management and on anticipated receipts and payments;

2.To authorize and supervise banking and other enterprises engaged in foreign exchange business;

3.To settle the purchase and sale of foreign exchange;

4.To examine and approve private outward and inward remittances;

5.To supervise private enterprises' foreign borrowings guaranteed by authorized banks, with reference to their management and their repayment schedule;

6.To purchase and sell foreign currencies, bills of exchange and securities;

7.To calculate, compile, analyse and report the receipts and payments of foreign exchange;

8.Other business relating to foreign exchange.

Regulations governing requirements of application, the examination procedure, approval of authorization, the scope of business, withdrawal of authorization, and other matters which banking and other enterprises applying to engage in foreign exchange business must comply with, shall be prescribed by the Bank.