Regulations Governing Approval and Administration of Financial Information Service Enterprises Engaging in Inter-Financial Institution Funds Transfer and Settlement Article 20

Law:: Regulations Governing Approval and Administration of Financial Information Service Enterprises Engaging in Inter-Financial Institution Funds Transfer and Settlement
Chinese:: 金融機構間資金移轉帳務清算之金融資訊服務事業許可及管理辦法第20條

The Competent Authority shall not issue a business license if:1. Any authorized representative, or any natural person that is appointed to exercise on behalf of the company's directors, supervisors, managers, and the government or a corporate shareholder who act as the director or the supervisor has a situation described in the subparagraphs in Paragraph 1 of Article 5.2. A managerial officer does not comply with the provisions in Article 6, 7 or 8.3. A director or supervisor does not comply with the provisions in Article 9 or 11.4. The required documents have not been submitted.5. The company has other situations where the Competent Authority believes it is likely that the company is not capable of operating an interbank financial information network enterprise effectively.

中文原文金融機構間資金移轉帳務清算之金融資訊服務事業許可及管理辦法第20條

有下列情形之一者，主管機關不予核發營業執照：
一、董事、監察人、經理人，以及政府或法人股東擔任董事、監察人，其代表人或被指定代表行使職務之自然人，有第五條第一項各款情事之一。
二、經理人不符合第六條、第七條或第八條之規定。
三、董事、監察人不符合第九條或第十一條之規定。
四、未提出應具備之文件。
五、其他經主管機關認為無法健全有效經營跨行金融資訊網路業務之虞。

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