Implementation Rules of Internal Audit and Internal Control System of Financial Holding Companies and Banking Industries Article 41

For a banking business, officers with business or transaction approval authority shall meet any of the requirements below prior to taking office:1. Have served as auditors in the internal audit unit and worked for over one (1) year with actual auditing affairs.2. Have enrolled in the audit training course or computer audit training course held by a competent authority-designated institution and passed the exam and obtained the completion certificate.3. Obtaining the qualification certificates in banking business internal control and internal audit exam held by a competent authority-designated institution. The contents of the exam shall be similar to the contents mentioned in the preceding paragraph.For the foreign businesses of domestic banks, officers with business or transaction approval authority, they are allowed to enroll in professional audit training held by a foreign professional institute or obtain a similar certificate from a foreign institute to replace the certificate mentioned in Paragraph 1.When acting as the manager of a local business unit, the person shall meet the conditions listed in Paragraph 1. Furthermore, if such person meets the qualifications in Subparagraph 2 or 3 of Paragraph 1, they shall participate in internal audit practices no less than four (4) times with the internal audit unit before actually assuming the post or within six (6) months after assuming the post. During these internships, such person shall inspect at least one (1) item per session, with cumulative coverage of no less than four (4) items, prepare a report on the practice, and submit it to the chief auditor for verification. The chief auditor shall issue a certificate and retain it together with the report for further referenceFor the banks of a foreign bank in Taiwan, the officers with business or transaction approval authority have finished the internal audit trainings requirement by the bank, when the training is higher than the requirements listed in Paragraph 1, then they can be exempt for the regulations in this article. The officers with business or transaction approval authority referred to therein shall mean managers who report directly to the person in charge in Taiwan and possess business or transaction approval authority.