Regulations Governing Non-Business Operation Offices of Financial Institutions Article 6

Unless having legitimate reasons otherwise approved by the competent authority, a financial institution that has been approved to establish, relocate, or close a non-business operation office, or change the user unit(s) of a non-business operation office shall complete the process within six (6) months from the approval date, and within fifteen (15) days from commencing the use, relocation, closure or changing, file related information in a manner as required by the competent authority. When a financial institution has not completed the establishment, relocation, closure, or change process within the time limit prescribed in the preceding paragraph, the original approval is void.