Taiwan’s regulator is aiming to strengthen investor protection against potential mis-selling and inappropriate investment advice from robo-advisers as take-up of artificial intelligence grows more widespread.
The move could see Taiwan become the first market in the world to regulate the algorithms that robo-advisers adopt to make recommendations.
Chang Tzu-min, deputy director-general of the Securities and Futures Bureau, in April said the authority planned to require industry participants to set up supervisory committees that include external experts to enhance investor protection.
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