Regulations Governing Domestic Branches of Financial Institutions Article 8

When a financial institution applies to relocate its branch, the proposed relocation area shall comply with the provisions in Paragraph 3, Article 4 herein. Unless with legitimate reason, in compliance with government's financial supervisory policy, and with approval of the competent authority, a bank may only relocate its branch within the same municipality under the jurisdiction of the central government, the same provincial municipality, or the same county.