Taiwan FSC Inks Fintech Cooperation MOU with Israel Securities Authority

​The Financial Supervisory Commission, Taiwan (FSC), represented by Chairperson Dr. Thomas Tien-Mu Huang, co-signed a Memorandum of Understanding (MoU) for Fintech cooperation with Ms. Anat Guetta, Chairwoman of the Israel Securities Authority (ISA), through a virtually held signing ceremony witnessed by Mr. Omer Caspi, Representative of the Israel Economic and Cultural Office in Taipei, and Ms. Ya-Ping Lee, Representative of the "Taipei Economic and Cultural Office in Tel Aviv". 

The MoU is the fifth MoU for Fintech cooperation signed by the FSC and foreign regulators after four similar MoUs signed with the regulators of Poland, the US State of Arizona, France, and Canada. The ISA supervises Israel's securities sector and also supports technological and business innovation in financial services. Both the ISA and the FSC are members of the Global Financial Innovation Network (GFIN).

Fazzaco Business Awards 2022 Officially Kicks Off​

The MoU provides a framework for cooperation and referrals in the matters of Fintech, innovation and investments between the FSC and the ISA. Notably, the MoU includes a referral mechanism to help referred innovator businesses have a better understanding of the regulatory regime in the other jurisdiction. The MoU also aims to deepen cooperation and information sharing on innovation issues and mutual investments, including potential cooperation in technology, innovation activities and investments. 

As Chairperson Huang pointed out, the MoU will enhance cooperation in Fintech and capital markets between the two sides, and create more opportunities for innovator businesses from Taiwan and Israel to expand into each other's markets. Chairwoman Ms. Anat Guetta said that the ISA promotes partnerships with the ISA's counterparts around the world to learn and share the knowledge and experience. The MoU is another milestone that will allow for fruitful cooperation between the authorities.