Rules Governing the Business of Electronic Stored Value Card Issuers Article 13-1

For interest or other income earned by a non-bank issuer from utilizing funds mentioned in Paragraph 1, Article 18 of the Act, the non-bank issuer shall, within five (5) business days after receiving the income, set aside the required amount and deposit it in a dedicated account opened with a bank in accordance with Paragraph 3, Article 18 of the Act.The non-bank issuer shall engage an accountant to conduct audit of the state of compliance with the preceding paragraph every half fiscal year, and submit the accountant’s audit report to the Competent Authority for record in two (2) months after the end of every half fiscal year.