Financial Asset Securitization Act Article 110

Under any of the following circumstances, the responsible person(s) for such act shall be punished with imprisonment for not more than three (3) years or detention, and/or a criminal fine of not more than Three Million New Taiwan Dollars (NT$3,000,000):1. Beneficiary Securities are publicly offered to non-specific people, in violation of Article 17, paragraph 2 or paragraph 5 hereof referring to the mutatis mutandis application of Article 17, paragraph 2 hereof; or2. Asset-Backed Securities are publicly offered to non-specific people, in violation of Article 101 hereof referring to the mutatis mutandis application of Article 17, paragraph 2 or paragraph 5 hereof.