These Enforcement Rules are adopted pursuant to Article 23 of the Offshore Banking Act (the "Act").

The competent administrative authority for offshore banking, and offshore securities and offshore insurance business referred to in Article 2 of the Act, namely the Financial Supervisory Commission (FSC), shall take charge of the following matters:
1. Drafting or adopting of the Act, these Enforcement Rules, the Rules Governing Offshore Banking Branches, and the Regulations Governing Offshore Securities Branches and the Regulations Governing Offshore Insurance Branches.
2. Interpretation of the laws and regulations relating to offshore banking, and offshore securities and offshore insurance business, and issuance or adoption of relevant administrative orders.
3. Granting of special concession licenses for the establishment of offshore banking branches, and offshore securities branches and offshore insurance branches.
4. Approval of the business items for operation by offshore banking branches, and offshore securities branches and offshore insurance branches.
5. Supervision and regulation of the finance, business, and personnel of offshore banking branches, and offshore securities branches and offshore insurance branches.
6. Examination of the business operations of offshore banking branches , and offshore securities branches and offshore insurance branches.
7. Taking disciplinary actions in accordance with the Act.
Matters set forth in subparagraphs 1, 3 and 4 of the preceding paragraph shall be handled jointly or in consultation with the Central Bank of the Republic of China (Taiwan) (CBC), and the same shall apply to the matters set forth in subparagraph 2 which involve the duties of the CBC.

The competent operational authority for offshore banking, and offshore securities and offshore insurance business referred to in Article 2 of the Act, namely the CBC, shall take charge of the following matters:
1. Approval of business relating to transactions and remittances between foreign currencies and New Taiwan Dollars by offshore banking branches, and offshore securities branches and offshore insurance branches.
2. Examination of business operationsof offshore banking branches, and offshore securities branches and offshore insurance branches.
3. Review of information on the business and financial conditions and annual reports of offshore banking branches, and offshore securities branches and offshore insurance branches.
4. Preparation of statistics, analysis, and reports regarding the business, performance, and scale of offshore banking branches, and offshore securities branches and offshore insurance branches.
5. Research on the development of offshore banking, and offshore securities and offshore insurance business.
6. Liaison and cooperation with respect to matters that require consultation with the FSC.