Taiwan, China opens up professional investors to invest in foreign virtual asset ETFs through sub-delegation

ChainCatcher News, Taiwan's "Financial Supervisory Commission" announced the opening of foreign virtual asset ETFs for professional investors through a discretionary investment method. Qualified professional investors include: professional institutional investors, high-net-worth institutional investors, high-asset clients, legal entities or funds that qualify as professional investors, and natural persons who qualify as professional investors.

To ensure that investors have sufficient investment experience and knowledge, securities firms must establish a comprehensive suitability assessment system when providing virtual asset ETF services, which must be reviewed and approved by the board of directors. Before a client purchases a virtual asset ETF for the first time, the securities firm must assess whether the client has relevant investment experience and professional knowledge to ensure the suitability of the client's investment risk.

In addition to professional institutional investors, other investors must sign a risk disclosure statement before their first purchase of a virtual asset ETF. Securities firms must provide relevant product information to investors before accepting their first purchase of a virtual asset ETF to assist investors in fully understanding the characteristics and related risks of the virtual asset ETF they are investing in.