To develop a physical community for financial technology development, the competent authority may establish or provide guidance on the establishment of a financial technology innovation space (referred to as “FinTech Space” hereunder).
The competent authority may coordinate the designation of a professional legal person or organization with experience in undertaking government projects to provide assistance, guidance and counseling services to fintech innovators as the executive institution to undertake the establishment, operation and management of FinTech Space and matters provided in Articles 5 ~ 9, Article 11, Article 12 and the preceding article herein.

The executive institution shall draw up the processes for fintech innovators to apply for the use of FinTech Space offices and the financial technology digital sandbox platform, review criteria, use period, rent reduction guidelines and use rules, and submit them to the competent authority for approval. Notwithstanding the foregoing, the competent authority shall draw up relevant rules if FinTech Space is established and operated by the competent authority itself.
For the review and selection of tenants under the preceding paragraph, the executive institution shall set up a review committee to review the applications, change of applications or other matters to be deliberated on. The review committee members shall include experts, scholars and representatives of relevant government agencies (institutions). The preceding provision also applies to the competent authority if FinTech Space is established and operated by the competent authority itself.