Evolution
The Chinese National Futures Association (hereinafter referred to as the Association or CNFA) was transformed from its predecessor, the Taipei Futures Association first founded on April 17, 1995, as a national organization on June 21, 2004, and obtained the certificate issued by the Ministry of the Interior on June 30 of the same year, a move in reflection of the market liberalization, business diversification, as well as expansion in the Association’s membership and covered geographical area.
As a national self-disciplined organization, the Association handled members’ license registrations, site equipment inspections, personnel training and other functions. Moreover, it assumes the responsibility as a self-regulatory body. For the healthy development of Taiwan’s futures market, the Association develops a highly efficient administrative mechanism to fulfill its four major duties, namely reviews of industry personnel qualifications, site equipment inspections, member checkups, as well as education and training for the futures workers. It will actively coordinate the industry’s unity and cooperation, promoting communication and interaction between the industry and the competent authorities, and under circumstances of sincere and positive, immaculate policies, laying a more solid foundation for the futures industry.