Regulations Governing Inspections, Appraisals, and Incentive Measures on Cooperatives Article 10

The regulating authorities shall inform the cooperatives appraised of the ratings of their appraisal results, and shall offer incentives or guidance in accordance with the following provisions:1. Outstanding level: The central regulating authority shall give a medal, award, or prize; when necessary, the regulating authorities may also offer an incentive.2. Level A: The regulating authorities shall give a medal, award, or prize.3. Level B: The regulating authorities shall give commendation.4. Levels C and D: No incentives shall be offered. The regulating authorities shall offer guidance to help cooperatives rectify their defects. In the event of major defects that cannot be rectified in a timely manner, the regulating authorities shall request cooperatives to submit a plan to rectify the defects within a specified period of time, and shall urge cooperatives to carry out the plan. The rectifying of defects shall be included in the appraisals for the following year.In the event that a cooperative is given a rating of “Outstanding level”, as set forth in the preceding paragraph, the regulating authority shall, within four months from the start of the following year, submit the appraisal rating form for the cooperative and the documents specified in Paragraph 1 of Article 36 of the Act to the central regulating authority for approval and further action.