Cathay Securities Investment Trust New President Approved by Regulator
Original: 代子公司國泰投信公告新任總經理資格審查業經主管機關 核准
Summary
Cathay Financial (2882) is filing on behalf of its subsidiary Cathay Securities Investment Trust (國泰投信) to announce that the qualification review of the subsidiary's newly appointed General Manager (President) has been approved by the competent authority, the Financial Supervisory Commission (FSC). Regulatory pre-approval of senior executives at licensed investment trust companies is mandatory under Taiwan law, so this clearance formally allows the appointee to assume office. Full filing body is available on MOPS.
Full Translation
Subject line (translated): 'Filing on behalf of subsidiary Cathay Securities Investment Trust — Announcement that the qualification review of the newly appointed General Manager has been approved by the competent authority.' Interpretive context: Under Taiwan's Securities Investment Trust and Consulting Act, the General Manager of a licensed Securities Investment Trust Enterprise (SITE) must pass a regulatory fitness-and-propriety review by the FSC before taking office. This announcement confirms that the FSC has formally approved the qualifications of the incoming General Manager of Cathay Securities Investment Trust, a wholly- or majority-owned subsidiary of Cathay Financial Holdings (TWSE: 2882), clearing the final regulatory hurdle for the appointment to become effective. [Body not available — subject line only. See MOPS for full announcement.]