Regulations Governing the Internal Controls and Audit System for Postal Remittances and Savings Article 24

Chunghwa Post shall set up a compliance unit under the president to take charge of the planning, management, and execution of the regulatory compliance system. The chief legal compliance officer shall also be assigned to act as chief compliance officer for the head office to conduct compliance affairs. The chief compliance officer shall make a report to the board of directors, supervisors at least semiannually, and in case of major regulatory violation or rating downgrade by the financial competent authority, immediately inform the directors and supervisors, and report to the board of directors on compliance matters.The chief compliance officer at Chunghwa Post cannot be appointed to internal posts other than chief legal officer or chief AML/CFT compliance officer.The chief compliance officer at Chunghwa Post shall hold a post comparable to that of vice president and meet the qualification requirements set out in the Regulations Governing Postal Remittances and Savings Operations.The compliance unit of the head office, business units (post office branches of all levels), information unit, assets safekeeping unit, and other management units of Chunghwa Post shall each assign the personnel to act as the compliance officer to take charge of related affairs.The chief officer and personnel of the compliance unit of Chunghwa Post, as well as the compliance officer of business units (post office branches of all levels), information department, assets management department, and other management departments shall meet one of the following qualification requirements:1. Having worked as personnel or chief officer of legal compliance office for five years in aggregate.2. Having attended not less than 30 hours of courses offered by institutions recognized by the FSC, passed the exams and received completion certificates therefor.Personnel in the previous paragraph shall attend at least fifteen (15) hours of training a year offered by institutions recognized by the FSC or held internally by Chunghwa Post, and the training courses shall cover at least the latest regulatory amendments, new businesses or new financial products launched. The methods for the on-the-job training held by Chunghwa Post itself shall be approved by the board of directors. The head office shall keep the attendance records of relevant personnel for review.When a dedicated AML/CFT compliance unit is set up under the legal compliance unit, the required training for AML/CFT compliance unit personnel before their appointment/assignment and every year shall observe the relevant AML/CFT regulations and is not subject to the provisions of the two preceding paragraphs.Chunghwa Post shall file the list of head office chief compliance officers, the chief officers and personnel of the compliance unit as well as their training records with the FSC via an online information system.