Financial Holding Company Act Article 43

A financial holding company shall apply to the competent authority for prior approval before its subsidiaries may engage in cross-selling activities among themselves and shall ensure that such activities will not harm the interests of customers.When the subsidiaries of a financial holding company engage in cross-selling activities, their respective business, service personnel and services shall be made easily identifiable by the customers. Except for customers' names and addresses, the subsidiaries of the financial holding company shall comply with provisions of the "Personal Data Protection Act" with regard to jointly collecting, processing, and using the personal basic data and dealing or transaction records of customers.The regulations governing the requirements for the application for approval mentioned in Paragraph 1 hereof, required documentation, application procedure, scope of businesses allowed, sharing of information, sharing of facilities, premises, or personnel management and other matters to be complied with shall be prescribed by the Competent Authority.When the subsidiary of a financial holding company signs a product or service contract with a customer, the subsidiary shall explicitly disclose the important clauses of the contract and associated transaction risk, and note on the contract, by the nature of the product or service, whether the transaction is protected by deposit insurance, Insurance Guaranty Fund, or other protection mechanisms in place. The aforesaid contract shall be submitted to the competent authority or an institution designated by the competent authority for reference and posted on the websites of the financial institutions unless it is otherwise stipulated by other laws.