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Chapter Law Content

Title: The Act Governing Bills Finance Business CH
Category: Financial Supervisory Commission(金融監督管理委員會)
CHAPTER Ⅵ BILLs FINANCE COMPANIES ASSOCIATION
Article 54
A Bills House shall apply to join the BHA. The BHA shall not reject an applicant without due cause or impose inappropriate requirements on the applicant.
Article 55
In order to improve the sound operation, and protect the reputations, of its members the BHA shall:
1. Assist the Competent Authority to research and improve financial policy, laws and regulations;
2. Prescribe business regulations or self-disciplinary rules and submit to the Competent Authority for reference;
3. Mediate or resolve member disputes as necessary to meet the business needs of its members;
4. Handle other matters as designated by the Competent Authority; and
5. Provide other services necessary to meet the BHA's purposes.
Article 56
The BHA's activities shall be directed and supervised by the Competent Authority.
In the event that the directors or supervisor of the BHA violate any Act or regulation, violate the BHA’s Articles of Incorporation, delay carrying out the BHA’s obligations, abuse their authority, or act in bad faith, the Competent Authority shall order the BHA to correct such behavior or shall order the BHA to discharge those responsible.
Article 57
Amendments to articles of the BHA and minutes of board of directors or supervisors meetings, shall be submitted to the Competent Authority for reference.