Regulations Governing the Capital Reduction at the Subsidiaries of a Financial Holding Company Article 7
If a financial holding company applies for capital reduction on behalf of its subsidiary company, the competent authority shall not give its permission if the company has one of the following conditions:1. The application documents are not complete and fail to re-submit the necessary documents within a specified time limit.2. The contents of the application documents are violating the regulations and company’s articles of incorporation.3. The financial holding company purposes to obtain capital with a capital reduction in a subsidiary company but without specific capital usage or estimated interests.4. Other affairs indicate that the capital reduction has affects on the soundness of the subsidiary company’s financial status.After the financial holding company obtains capital with a capital reduction in subsidiary company, if the actual usage of the capital doesn’t correspond to the details written in the application document, the competent authority is allowed to give appropriate punishment according to the provisions of Article 54 of the Act based on the severity of the violation.
中文原文 金融控股公司之子公司減資辦法第7條
金融控股公司代子公司申請減資，有下列情形之一者，主管機關得不予核准：
一、申請書件不完備，未依時限補正。
二、依申請書件內容顯示有違反法令、公司章程。
三、金融控股公司以子公司減資方式取得資金，其資金用途或預期效益不明確。
四、有其他情事顯示減資有影響該子公司財務業務健全之虞。
金融控股公司以子公司減資方式取得資金後，該項資金之實際用途如與申請書件所載事項不符，主管機關得依本法第五十四條規定，依其情節輕重為適當之處分。
一、申請書件不完備，未依時限補正。
二、依申請書件內容顯示有違反法令、公司章程。
三、金融控股公司以子公司減資方式取得資金，其資金用途或預期效益不明確。
四、有其他情事顯示減資有影響該子公司財務業務健全之虞。
金融控股公司以子公司減資方式取得資金後，該項資金之實際用途如與申請書件所載事項不符，主管機關得依本法第五十四條規定，依其情節輕重為適當之處分。