In a move to broaden the sources of funding in Taiwan, the government's recently enacted financial asset securitization statute has laid the foundation for a prosperous new structured finance market, market participants say.

The regulations in the statute, promulgated at the end of last year, were drafted by the Ministry of Finance and modeled after Japan's Securitization Act. And, after numerous amendments to Japan's SPC law, the law is expected to be successful in launching a securitization market, according to a report released early this year by Freshfield Brukhaus Deringer LLP, a major international business law firm.

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