Taipei Exchange

In order to support the government's policy to encourage development of micro startups and to be more aligned with international standards while simultaneously protecting the rights of investors, it is proposed that the private sector be invited to join the effort to invigorate the startup environment in Taiwan as appropriate, and, by extension, securities dealers be permitted to offer equity crowdfunding services in order to actively provide financing assistance for innovative or creative micro businesses.

As private operators are intermediaries that offer equity crowdfunding services, which are classified as securities services under the law, only securities dealers will be permitted to offer these services. Furthermore, securities dealers are subject to regulations that provide better investor protection, and so only securities dealers meeting certain criteria will be permitted to offer these services.