Rules Governing the Administration of Electronic Payment Business Article 41

The term “purposes prescribed by the competent authority” referred to in Paragraph 4, Article 22 of the Act means the following situations:1. Fees necessary for declaring trust or obtaining performance guarantees for the stored value funds deposited by users deduct the required reserve and for funds collected/paid as an agent in accordance with related regulations in the Act.2. Fees for appointing an accountant for auditing in accordance with related regulations in the Act.3. Donations that may be considered as expenses or losses in accordance with Article 36 of the Income Tax Act.4. Funds to be set aside to the sinking fund established by electronic payment institutions in accordance with the Regulations Governing the Organization and Administration of Sinking Fund Established by Electronic Payment Institutions.