Regulations Governing Institutions Engaging In Credit Card Business Article 15

To apply to the Competent Authority for approval to engage in other credit card businesses, a credit card business institution shall submit a business plan to the Competent Authority. An approval shall be deemed to have been given if, within thirty (30) days from the day following the Competent Authority's receipt of such application, the Competent Authority does not object thereto.The business plan referred to in the preceding paragraph shall contain the following particulars:1. Reasons for engaging in such businesses;2. Agreements among relevant parties to such business regarding their respective rights and obligations;3. Internal business rules and processes; and4. Market prospects and risk/benefit analysis.When the operating rules or processes of credit card business, or rights and obligations of parties relevant to the business operated by a credit card business institution differ from those set out in its business plan originally approved by the Competent Authority, and such difference(s) have a significant impact on consumer interests, the credit card business institution shall take actions according to the preceding two paragraphs.