Online Lending Association Passes Self-Regulation; FSC Hopes It Will Function Effectively
The newly formed P2P Online Lending Association has passed self-regulatory rules prohibiting platforms from guaranteeing principal and interest. The Financial Supervisory Commission (FSC) expects this to prevent fraud like the im.B case.
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- 📰 Published: April 21, 2026 at 23:16
- 🔍 Collected: April 21, 2026 at 23:31 (15 min after Published)
- 🤖 AI Analyzed: April 22, 2026 at 01:40 (2h 8m after Collected)
(Central News Agency reporter Su Szu-yun, Taipei, 21st) Following the establishment of the P2P Online Lending Platform Association in April 2025, it has recently officially passed self-regulatory rules. The Financial Supervisory Commission (FSC) stated today that P2P platforms are fundamentally financial technology (FinTech) businesses and are not directly under the FSC's jurisdiction. However, the association's establishment of self-regulation aligns with the FSC's expectations, and they hope it will effectively serve a self-governing function.
After nearly a year of deliberation, the Online Lending Platform Association recently passed self-regulatory rules. In response to the problematic platform types that emerged previously, they formulated stricter self-regulatory requirements, explicitly stipulating that online lending platforms must strictly adhere to the role of information matching. They must not independently agree on lending or transfer interest rates with lenders, nor can they promise guaranteed principal and interest.
Wang Yun-chung, Deputy Director General of the Banking Bureau of the FSC, explained the background information at a press conference. The essence of P2P online lending platform operators is that of FinTech businesses, meaning they are not competent authorities directly governed by the FSC. In May 2023, the im.B incident erupted involving an illegal operator using the guise of an online lending platform to conduct scams, resulting in damage to the rights and interests of many members of the public.
Wang pointed out that to guide the positive development of the P2P industry, the FSC, along with multiple ministries such as the Ministry of the Interior, the Ministry of Justice, and the Ministry of Digital Affairs, jointly promoted the establishment of the P2P association by operators in April 2025. Through self-regulatory rules, operators can put their business on the right track and also interface with the Bankers Association. The formulation of self-regulatory rules by the association is also within the FSC's expectations. The FSC respects the association's passing of these rules and hopes it will exert its self-governing capability to help members comply with relevant regulations while conducting business.
Wang explained that currently, a total of 8 companies have joined the Online Lending Platform Association. As for information regarding their scale and other details, because it is not under their direct business purview, the FSC does not have relevant statistical data. (Editor: Yang Lan-hsuan)
After nearly a year of deliberation, the Online Lending Platform Association recently passed self-regulatory rules. In response to the problematic platform types that emerged previously, they formulated stricter self-regulatory requirements, explicitly stipulating that online lending platforms must strictly adhere to the role of information matching. They must not independently agree on lending or transfer interest rates with lenders, nor can they promise guaranteed principal and interest.
Wang Yun-chung, Deputy Director General of the Banking Bureau of the FSC, explained the background information at a press conference. The essence of P2P online lending platform operators is that of FinTech businesses, meaning they are not competent authorities directly governed by the FSC. In May 2023, the im.B incident erupted involving an illegal operator using the guise of an online lending platform to conduct scams, resulting in damage to the rights and interests of many members of the public.
Wang pointed out that to guide the positive development of the P2P industry, the FSC, along with multiple ministries such as the Ministry of the Interior, the Ministry of Justice, and the Ministry of Digital Affairs, jointly promoted the establishment of the P2P association by operators in April 2025. Through self-regulatory rules, operators can put their business on the right track and also interface with the Bankers Association. The formulation of self-regulatory rules by the association is also within the FSC's expectations. The FSC respects the association's passing of these rules and hopes it will exert its self-governing capability to help members comply with relevant regulations while conducting business.
Wang explained that currently, a total of 8 companies have joined the Online Lending Platform Association. As for information regarding their scale and other details, because it is not under their direct business purview, the FSC does not have relevant statistical data. (Editor: Yang Lan-hsuan)