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Taiwan regulator mulls stricter rules on investments into financial firms

Taiwan's Financial Supervisory Commission could place stricter regulations on investments in financial companies, the Taipei Times reported Dec. 26, citing Chairman Wellington Koo.

The move comes as a number of nonfinancial entities have gained seats on multiple financial companies' boards, which could lead to rule violations and governance being compromised, Koo said.

Koo said he is of the opinion that investors should limit their investments in the financial sector to a single company. However, exceptions could be made for state-run companies, whose shareholders are government departments and agencies.

The commission aims to release its policy direction regarding the matter in the next two months, the report said.