Financial Holding Company Act Article 28

After being approved by the competent authority to convert into a financial holding company or a subsidiary of a financial holding company, a financial institution shall comply with the following provisions:1.Amendments of the registration of real estate, other properties requiring registration, mortgages, pledges, liens and intellectual property rights are allowed and no registration fee shall be required so long as a certificate from the competent authority is provided. The establishment registration fee for company registration shall be calculated based on the net increase in capital after conversion;2.When land directly used by the financial institution is to be transferred, the registration of transfer of ownership of such land shall be done after the current value of such land has been determined in accordance with the Land Tax Act. The land value increment tax payable on such transfer may be accrued and deferred until the next transfer of such land by the transferee company.If the transferee company becomes bankrupt or is dissolved, the accrued and value increment tax shall have priority [over general creditors];3.The stamp tax, deed tax, income tax and securities transfer tax arising from the transfer of business shall not be levied; and4.The income tax and securities transaction tax arising from the share exchange shall not be levied.