Regulations Governing The Establishment Criteria and Administration of The Industrial Bank Article 27

Law:: Regulations Governing The Establishment Criteria and Administration of The Industrial Bank
Chinese:: 工業銀行設立及管理辦法第27條

After a to-be industrial bank obtains an establishment permit and has any of the following circumstances prior to the issuance of a business license, the Commission shall not issue a business license to the bank:1.The bank's shareholder's holding of shares dose not comply with Paragraph 2 of Article 25.2.A director, supervisor or manager of the bank does not comply with Article 15.3.The bank does not comply with Article 19.4.The bank does not submit documents that it should have provided.5.The total amount of the borrowed funds of the bank's promoter exceeds 30% of the promoter's sources of capital mentioned in Subparagraph 7, Paragraph 1 of Article 20 and Subparagraph 7, Paragraph 1 of Article 24.Other circumstances, in the opinion of the Commission, are not likely to make the effective operation of the bank's businesses sound.

中文原文工業銀行設立及管理辦法第27條

工業銀行經設立許可後核發營業執照前，有下列情形之一者，本會不予核發營業執照：
一、股東持股不符合本法第二十五條第二項之規定者。
二、董事、監察人或經理人不符合第十五條之規定者。
三、不符合第十九條之規定者。
四、未提出應具備之文件者。
五、第二十條第一項第七款及第二十四條第一項第七款規定之發起人資金來源中借入資金總額超過百分之三十以上者。
其他經本會認為無法健全有效經營工業銀行業務之虞者。

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