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Article NO. Content

Title:

Offshore Banking Act  CH

Amended Date: 2016.12.28 
Article 22-15 Unless otherwise provided in this Act, the conducting of businesses specified under the subparagraphs of paragraph 1, Article 22-13 herein by an offshore insurance branch is not subject to the restrictions in relevant articles of the Foreign Exchange Control Act and the Insurance Act.
The FSC, in consultation with the CBC, shall adopt regulations for the business of offshore insurance branches concerning finances, businesses, utilization of funds, risk management, inspections by the competent authorities or other appropriate institutions or experienced professionals mandated thereby, and other matters requiring compliance.