Regulations Governing Receivership of Banking Institutions Article 11

The receiver shall handle tasks specified in Subparagraph 3 and 4, Paragraph 1 of Article 62-3 of the Banking Act through public auctions. However, with one of the following situations, the receiver shall adopt price comparison or price negotiation made available to specific parties:1. Public auctions have failed for two times or more;2. The competent authority determines the situation to be critical and is likely to trigger systematic risk;3. It is determined by the receiver that public auctions are not feasible, which is reported to and approved by the competent authority.4. Other situations that have been reported to and approved by the competent authority.
中文原文 金融機構接管辦法第11條
接管人辦理銀行法第六十二條之三第一項第三款或第四款之事項時,應以公開標售方式處理。
但有下列情形之一者,得由接管人洽特定人採比價或議價方式辦理:
一、公開標售二次以上,仍未成功。
二、情況緊急,經主管機關認定有引發系統性危機。
三、經接管人評估不宜採公開標售方式處理,並報經主管機關核准。
四、其他報經主管機關核准。

English translation for reference only; the Chinese text prevails. Not legal advice.