Act Governing Issuance of Electronic Stored Value Cards Article 29-1

An issuer shall join a trade association designated by the Competent Authority or the Electronic Payment Committee of the Bankers Association of the Republic of China ("Bankers Association").The charter of the trade association designated by the Competent Authority and bylaws as well as rules governing the conduct of meetings of the Electronic Payment Committee of the Bankers Association referred to in the preceding paragraph, and subsequent amendments thereto shall be submitted to the Competent Authority for approval.The businesses of the trade association designated by the Competent Authority referred to in Paragraph 1 hereof shall be subject to the guidance and supervision of the Competent Authority.Where any directors or supervisors of the trade association referred to in the preceding paragraph is found to have violated rules and regulations, its charter, was derelict in performing his/her duties, misused his/her authority, or acted against the principle of good faith, the Competent Authority may issue corrective orders or order the trade association to discharge such director or supervisor.The trade association designated by the Competent Authority or the Electronic Payment Committee of the Bankers Association shall undertake the following activities to help promote the sound operations of members and uphold the reputation of the industry:1. Assist the Competent Authority in promoting and studying policies and regulations related to electronic stored value card business;2. Draw up and periodically review common business rules or self-disciplinary rules and report such rules and subsequent changes thereto to the Competent Authority for record;3. Provide necessary guidance to members with respect to the electronic payment business they engage in or mediate disputes therebetween; and4. Undertake other matters as designated by the Competent Authority.Issuers shall observe the business rules and self-disciplinary rules referred to in Subparagraph 2 of the preceding paragraph.
中文原文 電子票證發行管理條例第29-1條
發行機構應加入主管機關指定之同業公會或中華民國銀行商業同業公會全國聯合會(以下簡稱銀行公會)電子支付業務委員會。
前項主管機關所指定同業公會之章程及銀行公會電子支付業務委員會之章則、議事規程,應報請主管機關核定;變更時,亦同。
第一項主管機關所指定同業公會之業務,應受主管機關之指導及監督。
前項同業公會之理事、監事有違反法令、章程,怠於實施該會應辦理事項,濫用職權,或違反誠實信用原則之行為者,主管機關得予糾正,或命令該同業公會予以解任。
主管機關所指定同業公會及銀行公會電子支付業務委員會,為會員之健全經營及維護同業聲譽,應辦理下列事項:
一、協助主管機關推行、研究電子票證業務之相關政策及法令。
二、訂定並定期檢討共同性業務規章或自律公約,並報請主管機關備查;變更時,亦同。
三、就會員所經營業務,為必要指導或調處其間之糾紛。
四、主管機關指定辦理之事項。
發行機構應確實遵守前項第二款之業務規章及自律公約。

English translation for reference only; the Chinese text prevails. Not legal advice.