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Chapter Law Content

Title: Regulations on Guiding and Assisting Financial Technology Development CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter III Financial Technology Innovation and Entrepreneurship
Article 12
To support fintech innovators in the research and development of innovative technology or business models, the competent authority may, based on the needs of financial technology innovation and entrepreneurship, act as a medium for them to access the digital sandbox platform for financial technology provided in Article 6 herein or thematic financial technology innovation laboratories provided in Article 7 herein and other resources.
Article 13
To provide guidance to fintech innovators on evaluating whether it is necessary to apply for approval to undertake an innovative experimentation and preparing the application documents, the competent authority should hold public briefings on laws and regulations regarding innovative experimentation and provide counseling services for individual fintech innovators upon their requests.
If it is deemed by the competent authority following evaluation that it is not necessary for a fintech innovator to make an application for innovative experimentation, the fintech innovator may request the competent authority to issue an official written opinion after providing an explanation of its concrete business plans.
A fintech innovator that has received guidance from the competent authority on applying for innovative experimentation may not use the fact as publicity that certain application items have been confirmed or that the value of an innovative experimentation is guaranteed.
Article 14
The competent authority may provide a counseling mechanism for staged incubation, depending on the development stage of the fintech innovators.