Taiwan's financial regulator is making one bill its only priority for the rest of the year, a change that would open the door to a new kind of property fund and sharply raise penalties for firms that hurt investors.

• The Financial Supervisory Commission's sole second-half priority is an amendment to the securities investment trust and consultancy law.
• The change would let real estate investment trusts (REITs) be issued as funds, a structure investors in other markets already use.
• Fines for serious breaches of investor rights would jump from NT$3 million to NT$15 million — five times higher.
• Social housing is carved out of the new rules, and a separate law on asset management is still only a draft.

Outlook: The bill has passed a first reading but still needs cross-party talks and two more readings, so timing depends entirely on the legislature.