Taiwan P2P Lending Group Adopts Self-Regulatory and Third-Party Audit Rules

Peer-to-peer lending platforms directly match borrowers with lenders. The operators are fintech companies and are not subject to direct oversight by Taiwan's Financial Supervisory Commission. In May 2023, the im.B scandal involving fake debt claims and illegal fundraising exposed risks including fraudulent listings, principal-protection promises and improper fund flows. A court found that the scheme had raised 8,344,390,326, prompting the government to require operators to form an industry association and adopt self-regulation.

The Republic of China Online Lending Platform Business Association approved self-regulatory rules and guidelines for third-party audits on April 15, 2026, after nearly a year of deliberations. Its eight members may not independently agree with lenders on loan or transfer interest rates, nor may they guarantee or promise any level of principal or interest protection. They must also submit audit reports from lawyers or accountants under a standardized procedure. On April 21, the Financial Supervisory Commission said it respected the initiative and hoped the association would fulfill its self-regulatory role.