Taiwan robo rules eased as fintech gains momentum

Taiwan’s markets watchdog last week relaxed a key restriction on robo advisers – an industry that local industry analysts are tipping for big growth – as it seeks to drive take-up of financial technology. The Financial Supervisory Commission (FSC) said it would allow robo advisers to automatically rebalance a client’s portfolio if the investment return of a particular underlying or the overall portfolio were to deviate from the chosen benchmark, as long as they have an agreement w…