Regulations Governing Financial Institutions Applying To Engage In Bills Finance Business Article 3

If a financial institution has invested in and holds shares exceeding20% of the actual paid-in capital of a bills finance company, suchfinancial institution may not apply to engage in a bills finance businessunless otherwise approved by the competent authority.A financial institution that, prior to the promulgation of this Regulation,is an investor in the shares of a bills finance company with aninvestment exceeding the ratio cited above and has obtained approvalfrom the competent authority to engage in the bills finance businessmay continue to do so, provided that such financial institution may notapply to open additional branches [for its bills finance business] or toexpand the scope of its bills finance business.