These Regulations are adopted pursuant to Paragraph 2, Article 18 of the Financial Technology Development and Innovative Experimentation Act (referred to as the “Act” hereunder)

For the purposes of providing a friendly environment for financial technology development and encouraging the use of technology to develop innovative financial products and services, the competent authority may take the following measures:
1.Amend financial regulations as deemed fit to facilitate financial innovation.
2.Establish or provide guidance on the establishment of a physical community for financial technology development to provide an environment conducive to financial technology innovation research and development.
3.Assist in the provision of funding channels for innovative financial technology startups.
4.Encourage companies, organizations and individuals that use innovative technology in providing financial services to enter strategic cooperation with financial institutions.
5.Encourage financial institutions to use financial technologies in business development and transformation.
6.Strengthen the information security of financial technology infrastructure and technological applications.
7.Integrate the resources of government, industry, academia and research institutions to encourage investment in the cultivation of financial technology talents.
8.Organize international financial technology exchange activities.
9.Promote financial technology literacy.
10. Handle other matters regarding financial technology development.

For financial institutions, companies, organizations and individuals that use innovative technology in providing financial services (collectively referred to as “fintech innovators” hereunder), the dedicated unit established pursuant to Paragraph 2, Article 2 of the Act may adopt the following measures in addition to the measures under the preceding paragraph:
1.Provide counseling on financial regulations.
2.Provide guidance on the research and development of innovative technology or business model.
3.Assist in evaluating the necessity of making an application for approval to undertake an experimentation involving innovative financial technology (referred to as “innovative experimentation” hereunder).
4.Assist innovative experimentation applicants in preparing for the application.
5.Provide incubation services according to financial innovators’ different stages of development.
6.Other guidance matters.