Foreign Exchange Control Act Article 19-1

In case of any of the following situations, the Executive Yuan may decide and announce with a public notification to close the foreign exchange market, suspend or restrict all or some foreign exchange settlements, order the selling or deposit of all or some types of foreign exchange into an authorized bank, or take other necessary measures for a specific time period:1. When the domestic or foreign economic disorder might endanger the stability of the domestic economy.2. When the Republic of China’s balance of payments suffers a severe deficit.The items and targets of aforesaid action shall be specified in Regulations Governing Foreign Exchange Control stipulated by the Executive Yuan.The aforesaid decision shall be submitted to the Legislative Yuan for acceptance within ten days after it is announced and shall become invalid once the Legislative Yuan rejects it.The specified time period stipulated in Paragraph 1 shall not be longer than 20 days, provided the Legislative Yuan is not in session.