Taiwan to Ease Limits on Active Funds’ Investments in TSMC

Taiwan’s financial regulator plans to ease the limit on how much funds can invest in a single stock, lifting an impediment that has prevented local money managers from taking full advantage of the surge in Taiwan Semiconductor Manufacturing Co.’s shares in recent years.

The Financial Supervisory Commission aims to relax the rule that bars an actively managed fund from investing more than 10% of its net asset value in a single company’s stock, according to a statement Thursday. The new rule is set to come into effect right after the regulator issues an order on Friday, a commission official said at a briefing in Taipei.