Taiwan's existing laws prohibit foreign investments in the terrestrial TV broadcast business, Taiwan’s National Communications Commission (NCC) has released draft Regulatory Rules on Terrestrial TV Broadcast Business and Channels, DigiTimes reports. Current regulations prohibit foreign investments in the terrestrial TV broadcast business. However, the new rules allow foreign investors to hold a less than 20 percent stake through indirect investment.
According to the NCC, the draft is based on reference to the US's and Japan's limiting foreign direct investment in terrestrial TV broadcast business to a 20 percent stake. The draft bans foreign direct investment and prohibits foreign indirect investors from becoming charter members, directors, or supervisors of the board of directors for a terrestrial TV broadcast company. The measure seeks to prevent foreign investors from direct participation in terrestrial TV broadcasting operations, NCC said.
The draft bans direct or indirect investment in terrestrial TV broadcast business by Chinese investors, NCC also said.