Financial Holding Company Act Article 6

The same person or the same related party who has a controlling interest in a bank, insurance company and/or securities firm shall apply to the competent authority for approval to establish a financial holding company. Such requirement shall not apply to shares owned by governments and for purposes of managing a troubled financial institution with the approval of the competent authority.If the same person or same concerned party referred to in the preceding paragraph does not concurrently hold shares or capital from any two of the banking, insurance and securities industry, or, the aggregate amount of assets of the bank, insurance company or securities firm in which such same person or same related party has a controlling interest does not exceed a certain amount, such same person or same related party need not establish a financial holding company.The term "Certain Amount" as used in the preceding paragraph shall be as prescribed by the competent authority.