Taiwan Penalizes Cathay Securities Investment Trust Over Compliance Breach

Regulators barred the asset-management arm of Taiwan’s largest financial conglomerate from applying for offshore trust funds for a year after a former director violated conflict-of-interest rules.

1 Sept, 09:06 — 1 Sept, 09:06

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bloombergHigh3h ago

Taiwan Fines Cathay SITE, Restricts Offshore Trust Offerings

Cathay Securities Investment Trust, the asset-management arm of Taiwan’s largest financial conglomerate, is barred from applying to launch offshore securities investment trust funds for one year, after a former director’s outside role breached conflict-of-interest rules.

By Betty Hou

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Taiwan Penalizes Cathay Securities Investment Trust Over Compliance Breach

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Taiwan Fines Cathay SITE, Restricts Offshore Trust Offerings

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