According to PANews, Taiwan's Financial Supervisory Commission (FSC) has announced that qualified professional investors can now invest in foreign virtual asset ETFs through sub-brokerage. Eligible professional investors include institutional investors, high-net-worth corporate investors, high-asset clients, professional investor corporations or funds, and individual professional investors.
To ensure that investors possess adequate investment experience and knowledge, securities firms offering virtual asset ETF services must establish a comprehensive suitability assessment system, which must be reviewed and approved by the board of directors. Before a client makes their first purchase of a virtual asset ETF, the securities firm must evaluate whether the client has the relevant investment experience and professional knowledge to ensure the appropriateness of the investment risk. Except for institutional investors, other investors must sign a risk disclosure statement before making their first purchase of a virtual asset ETF. Securities firms are required to provide relevant product information to investors before accepting their first purchase of a virtual asset ETF, to help investors fully understand the characteristics and associated risks of the virtual asset ETFs they are investing in.
