Regulations Governing Receivership of Banking Institutions Article 3

Where the competent authority assigns officials to take receivership over a Bank, it shall assign an appropriate agency/institution as the official receiver to undertake the receivership duty.The said receiver shall organize a receivership task force, which is constituted by the officials assigned by the receiver, or if requested by the receiver, officials assigned by the competent authority or sent or transferred from other agency/institution by the competent authority, and, among which members, assign one as the receiver representative to perform the duty.The competent authority shall request the competent authority in charge of the Company Act to register the receiver and its legal representative for the preceding two paragraphs.