| Legislative： |
1.The full text of the FSC Order Jin-Guan-Bao-Cai-Zi No. 10602505942, issued on January 2, 2018, is promulgated and shall take effect on the date of issuance.
2.Points 3 and 4 of the FSC Order Jin-Guan-Bao-Cai-Zi No. 11004345882, dated December 24, 2020, are amended and shall take effect on the date of issuance.
3.Points 3 of the FSC Order Jin-Guan-Bao-Cai-Zi No. 11004365982, dated January 28, 2021, are amended and shall take effect on the date of issuance.
4.Points 3 of the FSC Order Jin-Guan-Bao-Cai-Zi No. 11404904513, dated March 26, 2025, are amended and shall take effect on the date of issuance.
5.Points 3 of the FSC Order Jin-Guan-Bao-Cai-Zi No. 11404938682, dated October 28, 2025, are amended and shall take effect on the date of issuance.
6.Points 3 of the FSC Order Jin-Guan-Bao-Cai-Zi No. 11504904222, dated February 12, 2026, are amended and shall take effect on the date of issuance.
7.Points 3 and 4 of the FSC Order Jin-Guan-Bao-Cai-Zi No. 11504916972, dated June 16, 2026, are amended and shall take effect on the date of issuance. |
| Content： |
1. This Order pertains to Subparagraph 2, Article 2 and Subparagraph 3, Paragraph 1, Article 7 of the Regulations Governing Use of Insurer's Funds in Special Projects, Public Investments and Social Welfare Enterprises (referred to as the “Regulations” hereunder).
2. The “private equity funds that meet the criteria specified by the competent authority and support projects in line with government policies” provided in Subparagraph 2, Article 2 of the Regulations shall be limited to the following:
(1) Domestic private equity funds with the subsidiary of a securities investment trust enterprise (SITE) as a general partner. Said subsidiary is established with the SITE’s own funds and with FSC approval.
(2) Domestic private equity funds with the subsidiary of a securities firm as a general partner. Said subsidiary is invested by the securities firm and with FSC approval.
(3) Domestic private equity funds that have obtained a qualification letter in accordance with the National Development Council Directions for Guiding and Managing the Promotion of Industrial Investment by Private Equity Funds.
3. The scope of investment by insurance enterprises in private equity funds under the preceding point shall be limited to the following:
(1) Government-approved infrastructure projects under Article 2 of the Regulations as well as public investment projects under Article 3 and social welfare businesses under Article 4 of the Regulations.
(2) The government-approved 5+2 innovative industries provided in the FSC Order Jin-Guan-Bao-Cai-Zi No. 10610908021 issued on March 21, 2017, which include green energy technology, Asia Silicon Valley, biomedicine, national defense, smart machinery, new agriculture and circular economy.
(3) The government-approved six core strategic industries provided in the FSC Order Jin-Guan-Bao-Cai-Zi No. 11004365981 issued on January 28, 2022, which include information and digital technology, cybersecurity, medical technology and precision health, national defense and strategic industries, green and renewable energy, and strategic stockpile industries.
(4) Businesses whose main economic activities meet the sustainability criteria set out in the Reference Guidelines for the Recognition of Sustainable Economic Activities as provided in the FSC Order Gin-Guan-Bao-Cai-Zi No. 11404904512 issued on March 26, 2025 and other projects deemed by the competent authority in charge of relevant industry as offering the benefits of climate change adaptation, net zero emissions or sustainability transformation.
(5) The government-approved five trusted industry sectors provided in the FSC Order Jin-Guan-Bao-Cai-Zi No. 11504904221 issued on February 12, 2026, which include semiconductors, artificial intelligence, military and defense, security and surveillance, and new-generation communications.
(6) The government-approved The "Ten AI Initiatives Promotion Plan " and other implementation plans approved by the Executive Yuan, provided that the industry is recognized by the competent authority for the specific sector as one encouraged for investment under said plans in the FSC Order Jin-Guan-Bao-Cai-Zi No. 11504916971 issued on June 16, 2026.
4. When an insurance enterprise invests in a private equity fund mentioned in Point 2 herein, such an investment may not exceed 25% of the outstanding shares or paid-in capital of the invested entity in accordance with Item 2, Subparagraph 3, Paragraph 1, Article 7 of the Regulations.
5. This Order shall become effective immediately. FSC Order Jin-Guan-Bao-Cai-Zi No. 11504904222 issued on February 12, 2026 is now rescinded. |