Financial Holding Company Act Article 19
IF a financial holding company has one of the following circumstances, and the financial holding company or its banking subsidiaries, insurance subsidiaries or securities subsidiaries experience a significant deterioration in financial or business conditions and are unable to pay their debts or has a negative net worth after adjustments, and where the competent authority determines that immediate measures are necessary and that such measures will not have material adverse effect on competition in the financial market, the circumstances are exempted from applying for approval from the FTC under Article 11, Paragraph 1 of the Fair Trade Act:1.Merge with any company referred to in Paragraph 1, Subparagraph 1 or Subparagraph 2 of the proceeding Article, or transfer all of its rights and obligations to any said company or assume all the rights and obligations of any said company;2.A same person or same related party to hold shares representing one-third (1/3) or more of its outstanding voting shares; and3. Be established as a result of a conversion from a financial institution.
中文原文 金融控股公司法第19條
金融控股公司有下列情形之一，且金融控股公司或其銀行子公司、保險子公司或證券子公司發生財務或業務狀況顯著惡化，不能支付其債務或調整後淨值為負數，經主管機關認為有緊急處理之必要，對金融市場公平競爭無重大不利影響者，免依公平交易法第十一條第一項規定向行政院公平交易委員會申請許可：
一、與前條第一項第一款或第二款之公司為合併、概括讓與、概括承受者。
二、同一人或同一關係人持有其有表決權股份達三分之一以上者。
三、由金融機構轉換設立者。
一、與前條第一項第一款或第二款之公司為合併、概括讓與、概括承受者。
二、同一人或同一關係人持有其有表決權股份達三分之一以上者。
三、由金融機構轉換設立者。