Postal Remittances and Savings Act Article 12

In the event that Chunghwa Post has violated ordinances or regulations, or violated sound management practices in managing its postal savings and remittances business, the FSC may order the Company to make amends within a certain period of time. In addition, the FSC, depending on the seriousness of the offenses and after notifying the MOTC, may take the following actions as part of the penalties it imposes:1. Revoke resolutions reached at legal meetings.2. Order Chunghwa Post to cease engaging in part of its postal savings and remittances operations.3. Order the removal or suspension from duties of those responsible for said malpractice.4. Any other necessary measure.In the event that Chunghwa Post has violated regulations concerning foreign exchange in managing its foreign exchange business, the Central Bank of China may, depending on the seriousness of the infraction and after notifying the MOTC, order Chunghwa Post to freeze part or all of its foreign exchange operations for a certain period of time.
中文原文 郵政儲金匯兌法第12條
中華郵政公司辦理郵政儲金匯兌業務違反法令、章程或有礙健全經營時,金融監督管理委員會除得予以糾正、命其限期改善外,得視情節之輕重,為下列處分,並通知交通部:
一、撤銷法定會議之決議。
二、停止部分郵政儲金匯兌業務。
三、命令解除辦理該項郵政儲金匯兌業務之負責人或職員之職務或停止其於一定期間內執行職務。
四、其他必要之處置。
中華郵政公司辦理外匯業務違反外匯法令之規定者,中央銀行得視情節之輕重,停止其一定期間經營全部或一部外匯之業務,並通知交通部。

English translation for reference only; the Chinese text prevails. Not legal advice.