Regulations Governing the Approval Review Criteria and the Administration of the Issuing of International Electronic Stored Value Cards or Cooperating with a Foreign Institution in Issuing Electronic Stored Value Cards Article 6

An issuer that applies to issue international electronic stored value cards in cooperation with a foreign institution, in addition to submitting the documents of paragraph 1 of the preceding article, shall also submit two copies of each of the following documents with its application to the Competent Authority for approval: 1. Documentation proving the due incorporation and existence of the foreign institution as a legal entity, the electronic stored value card business license issued by the regulator in the home country, a certified copy of the license, and the documentation from the regulator in the home country to approve that the foreign institution may cooperate with the issuer to issue international electronic stored value cards. 2. A declaration by the foreign institution: a declaration that the foreign institution has not in the past 3 years violated any applicable law or regulation of a domestic or overseas territory where the international electronic stored value cards may be used.3. Certificate of authentication of the record of the resolution by the foreign institution for cooperation with the issuer or equivalent document. 4. Relevant agreements signed between the issuer and the foreign institution or a template therefor.5. Other documents as required by the Competent Authority. Certificates of authentication of relevant documents referred to in the preceding paragraph shall be made by a notary public in the home country of the foreign institution, or by a ROC representative office abroad.