Deposit Insurance Act Article 47

Should any of the following events occur in an insured institution, the CDIC shall report it to the competent authority to punish the insured institution with a fine of not less than 500,000 NT dollars and not more than 2,500,000 NT dollars.1. Failure to provide the total amount of liabilities over the underlying deposits and assessment base set forth in Article 15.2. Failure to indicate the fact of being insured by deposit insurance or in the financial products whether the products are insured or uninsured by deposit insurance set forth in Article 17.3. Failure to avoid using the deposit insurance premium rate or relevant information thereof as advertisement set forth in Article 18.4. Failure to fulfill the notice obligation to terminate the deposit insurance agreement set forth in Article 21 or Paragraph 1 of Article 27.Upon the imposition of a penalty in the form of a fine under the preceding Paragraph, the competent authority may issue a corrective order within the stipulated timeframe and may further impose an additional fine of one to five times the original penalty for the same facts or actions if the said insured institution fails to comply with such order.