Regulations Governing the Dedicated Deposit Account of Specialized Electronic Payment Institutions Article 31

A managing bank shall manage the deposit, transfer, drawing on and utilization of funds received from users according to the following provisions:1. On every banking day, check the consistency and reasonableness of balance of all dedicated deposit accounts and total balance of funds received from users and retain the checking records; if any abnormality is found, conduct necessary investigation and take necessary actions;2. On every banking day, check to see whether the balance of funds received/paid as an agent and that of stored value funds comply with the provisions of Article 19 and Article 21 herein;3. Check the document presented by the specialized electronic payment institution that it has declared trust funds received from users in full or obtained full performance guarantee therefor from a bank in accordance with Paragraph 1, Article 21 of the Act;4. Check to see whether the specialized electronic payment institution utilizes the funds received from users in accordance with Paragraph 2, Article 22 of the Act and by the percentages stipulated by the competent authority;5. Check to see whether the specialized electronic payment institution has made up the shortfall in accordance with Article 23 herein;6. Check to see whether the deposit of interest or other income earned from the utilization of funds received from users into the income set-aside account by the specialized electronic payment institution complies with Article 24 herein; and7. Compile and check the balance and relevant data of all dedicated deposit accounts every quarter, and submit a report thereon to the competent authority for reference within fifteen days after the end of every quarter.