Rules Governing the Administration of Electronic Payment Business Article 47

A specialized electronic payment institution shall not invest in other enterprises, unless it is a subsidiary that the investment in which has been approved by the competent authority, as well as the business of the subsidiary is closely related to the said institution, and in which the said institution holds more than fifty percent (50%) of the issued shares of the subsidiary.The total investment made by a specialized electronic payment institution shall not exceed ten percent (10%) of the balance of its paid-in capital at the time of investment deduct the minimum paid-in capital as stipulated under the Act and accumulated loss.A specialized electronic payment institution shall establish internal guidelines for the utilization of own funds and submit the guidelines and subsequent revisions thereto to the board of directors for approval.A specialized electronic payment institution may not provide guarantees for others.If deemed necessary, the competent authority may set limits to the debt ratios of a specialized electronic payment institution.