Regulations Governing Institutions Engaging In Credit Card Business Article 5

To apply for the establishment of a foreign credit card company, the applicant shall submit two copies of the following information/documents to the Competent Authority for approval:1. An application;2. A certified copy of the resolution adopted by its board of directors or an equivalent certified document approving the establishment of a branch in the Republic of China;3. A business plan of the branch describing the scope of business, principles and directions of business operation and actual implementation methods, market prospects and risk/benefit analysis;4. Personal resume of the branch manager to be assigned to the branch and relevant evidentiary documents;5. The branch's internal credit card business rules and processes;6. Agreements among relevant parties to the branch's credit card business regarding their respective rights and obligations;7. A certified copy of the articles of incorporation;8. Documentation proving the due incorporation and existence of the applicant as a legal entity and the business license issued by the regulator in the home country;9. A power of attorney issued by a responsible officer of the applicant in the home country authorizing a lawyer or certified public accountant to file the application; and10. Other documents as required by the Competent Authority.The certification of relevant documents referred to in the preceding paragraph shall be made by a notary public in the home country of the applicant or by a ROC consulate or representative office abroad.