Regulations Governing Internal Operating Systems and Procedures for the Outsourcing of Financial Institution Operation Article 11

When outsourcing the services of credit card issuance and marketing of consumer loans other than auto loans, a financial institution shall outsource the conduct of such services to a marketing company that it fully owns or controls. However it may outsource its marketing of credit card issuance operation to a non-fully-owned marketing company, provided the following conditions are met:1. The marketing company offers only credit card marketing services.2. The marketing company accepts the commission of only one card issuing financial institution without re-outsourcing or subcontracting the work to other businesses or individuals.3. The financial institution has examined the quality of past credit card applications handled by said marketing company and found it satisfactory.4. The financial institution shall produce onsite audit reports on the marketing company on a quarterly basis; the reports shall also include evaluations of the quality of credit card applications accepted by said company. When outsourcing the operations specified in this article, the financial institution shall require that the service provider does not conduct marketing by offering giveaways or prizes, or setting up a booth on the street or under a building overhang.When outsourcing its marketing of credit card issuance operations, a financial institution shall require that the service provider operate in accordance with the relevant marketing provisions of the RegulationsGoverning Institutions Engaging In Credit Card Business.