Taiwan Depository & Clearing Corporation

To guide the public in establishing long-term investment habits, the Financial Supervisory Commission (FSC) has drawn on international individual savings account systems and tasked the Taiwan Depository & Clearing Corporation (TDCC) with planning and establishing the "Taiwan Individual Savings Account" (TISA) mechanism. The goal is to help citizens start saving early and strengthen their financial planning.

The promotion of TISA will start with domestic fund products, encouraging fund houses to issue TISA-share funds with lower management fees and zero subscription fees. The TISA mechanism is expected to be launched by the end of June 2025, symbolizing that our country has entered a new era of financial planning.

TISA-share Funds are Ready to Go

In order to ensure the eligibility and quality of TISA-share funds, TDCC held the "TISA Fund Committee" on May 21, inviting experts from the industry and academia to jointly formulate fund screening and subscription/redemption standards. Qualified TISA-share funds must charge low management fees, and waive subscription fees. Investors are required to follow a 24-month regular savings plan (RSP) to enjoy the relevant benefits. TDCC also announced the official guidelines for the issuance of TISA-share funds on May 23. Many domestic fund houses have begun to prepare applications, hoping to seize the first wave of launch opportunities.

In addition, TDCC has held three panel discussions for fund houses and distributors in late May to assist the market participants to ensure that the new mechanism can be implemented smoothly.

Creating a Convenient Inquiry Platform with Transparent Information

Aiming to facilitate investor inquiries about TISA funds and TISA account balance information, TDCC has simultaneously established the "TISA Reporting & Inquiring System", where fund distributors will report investors' transaction details and account balance information after obtaining their consent.

In the near future, investors can use the "TISA Reporting & Inquiring System" and "TDCC ePassbook" App to comprehensively inquire about the account balance and transaction details, which improves the efficiency and transparency of account management, and puts the spirit of independent financial management into practice.

Boosting Investment to Build a Brighter Future

Bing-Huei Lin, Chairman of TDCC, stated that the TISA mechanism is designed to encourage the public to actively open TISA accounts through features such as favorable fund products and digital inquiry interfaces. In the meantime, TDCC aims to help the public establish their own long-term financial investment habits.

Looking ahead, TDCC will continue to work in line with the policy directions of the FSC, expand the variety of investment products and optimize the system to deepen public participation, and work with the industry to build a new investment ecosystem that is sustainable and inclusive, and forward-looking. The TISA mechanism is about to be launched, and TDCC sincerely invites everyone to embrace a new era of financial planning and start their own long-term and stable financial future!