The Act Governing Electronic Payment Institutions Article 38

If a specialized electronic payment institution violates laws or regulations, or its articles of incorporation, or engages in activities suspected to hinder sound operation, the competent authority may order it to correct or improve within a specified period and may, depending on the severity of the circumstances, take the following disciplinary actions:1. Revoke the resolutions adopted at the shareholders' meetings, board of directors' meetings or other statutory meetings;2. Repeal the approval for all or part of the businesses of the specialized electronic payment institution;3. Order the specialized electronic payment institution to relieve its managers or employees of their offices;4. Discharge its directors or supervisors or suspend them from their duties for a certain period;5. Order the specialized electronic payment institution to set aside a certain amount of reserves or increase its capital; and6. Take other necessary disciplinary actions.If the competent authority discharges a director or supervisor of a specialized electronic payment institution pursuant to Subparagraph 4 of the preceding paragraph, it shall notify the competent authority of company registration to cancel the registration of such director or supervisor.The two preceding paragraphs shall apply mutatis mutandis to non-electronic payment institutions that operate international small-amount remittances and related foreign currency trading businesses prescribed in Subparagraph 4, Article 4 as approved by the competent authority and violate laws or regulations, or the articles of incorporation, or engage in activities suspected to hinder sound operations.