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Chapter Law Content

Title: Regulations Governing Institutions Engaging In Credit Card Business CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter Five Penal Provisions and Supplemental Provisions
Article 54
The Competent Authority may, at any time, dispatch personnel or appoint a suitable agency to examine the business, finance or other related matters of a specialized credit card business institution or other related parties, or order a specialized credit card business institution or other related parties to provide a financial report, inventory of property or other relevant information and reports within a given time period.
If deemed necessary, the Competent Authority may appoint professional and technical personnel to review the examination items, reports or information under the preceding paragraph and submit a report thereof to the Competent Authority, at the expense of the specialized credit card business institution being examined.
Article 55
Violations of these Regulations shall be punished in accordance with the relevant provisions of the Banking Act.
Article 56
These Regulations shall be in force on the date of promulgation.