On March 25, 2019, the Financial Supervisory Commission (FSC) published a draft bill in parallel with a consultation regarding the development regulations to assist with financial innovation and money laundering considerations.
The draft bill announces the following:
- The establishment of a new committee: the Financial Supervision and Management Committee.
- The establishment of the second paragraph of Article 25 of the Financial Technology Development and Innovation Experiment Regulations.
- Draft regulations (for consultation): "Financial Science and Technology Innovation Experiments to Prevent Money Laundering and Measures against Terrorism".
There are a total of 15 articles in the draft, the key ones are:
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