The Credit Cooperatives Act Of The Republic Of China Article 42

Punishment with a fine not less than one hundred and fifty thousand and not exceeding one million and eight hundred thousand New Taiwan Dollars shall be imposed for any of the following wrongdoings:1. Engaging in or carrying on business in violation of paragraph 1 of Article 15;2. Acting in violation of the regulations prescribed by the Central Competent Authority pursuant to paragraph 2 of Article 15;3. Failing to comply with the restrictions imposed by the Central Competent Authority according to Article 33-3 or Article 36 of the Banking Act, which is mutatis mutandis applicable pursuant to Article 37 herein;4. Failing to take adjustment measures within the time period imposed by the Central Competent Authority according to Article 43 of the Banking Act, which is mutatis mutandis applicable pursuant to Article 37 herein;5. Failing to comply with the restrictions imposed by the Central Competent Authority according to paragraph 1 of Article 44 of the Banking Act, which is mutatis mutandis applicable pursuant to Article 37 herein;6. Engaging in or carrying on business in violation of Article 57 of the Banking Act, which is mutatis mutandis applicable pursuant to Article 37 herein; or7. A director or supervisor failing to report the violation of paragraph 1 of Article 64 of the Banking Act, which is mutatis mutandis applicable herein pursuant to Article 37.