Regulations Governing Issuance of Corporate Bonds by Financial Holding Companies Article 3

To issue regular corporate bonds or other corporate bonds that do not involve shareholder rights, a financial holding company must prepare an application form, specify therein the required particulars, and submit the application form along with the required documents to the competent authority.An application in the preceding paragraph shall be deemed approved if the competent authority does not object thereto within twelve (12) business days from the date of receipt of such application form.If a financial holding company’s application in accordance with Paragraph 1 is incomplete or otherwise does not include all required information, and the financial holding company rectifies such insufficiency within the prescribed deadline, the application shall be deemed approved if the competent authority does not object thereto within twelve (12) business days from the date of receipt of the rectification documents.