Reported 8 months ago
On June 24, 2024, KGI Securities made history by becoming the first securities firm to sign an agreement with the Taiwan Depository & Clearing Corporation for local custody under the revised regulations by the Financial Supervisory Commission. This move aims to enhance the safety of investment in foreign securities for Taiwanese investors. The Taiwan Depository & Clearing Corporation has developed a system for local custody, offering benefits such as standardized and automated processes and competitive rates to encourage participation from securities firms in this initiative.
Source: YAHOO