To meet the wealth management needs of high-asset customers, strengthen the product development capabilities of securities firms, and expand the business scope of securities firms, thereby upgrading the wealth management services provided by Taiwan’s securities firms, the FSC issued amendments to the “Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities” on 8 September 2020 and the “Directions for the Conduct of Wealth Management Business by Securities Firms” on 10 September 2020, and additionally issued three related orders. For securities firms that meet certain conditions, these amendments and orders ease regulatory restrictions on the range of products and services that securities firms may provide to high-asset customers via various sales channels, including brokered trades, trust investment arrangements, and transactions with dealers. At the same time, they introduce related supervisory measures to ensure robust development of the high-asset customer business.