Regulations Governing the Banking Activity and the Establishment and the Investment by Financial Institution Between the Taiwan Area and the Mainland Area Article 82

Where a third-area bank with a representative office or branch in Taiwan Area becomes a Mainland-funded bank due to change of equity structure, said bank shall submit relevant documents and provide the following information to the Competent Authority for approval:1. Reasons for the change of equity structure and status after the change;2. Names of the Mainland investors and their shareholding or capital contribution;3. The directors directly or indirectly elected or assigned by the Mainland investors and the number of such directors;4. Future business strategy in Taiwan Area, including a proposed contingency plan if the Competent Authority disapproves the change of equity structure; and5. Such other explanations as may be required by the Competent Authority.For banks in the preceding paragraph that have received an approval from the Competent Authority, the administration of its representative office or branch in Taiwan Area shall be governed by these Regulations, except for businesses that have already being approved and are currently undertaking by the representative office or branch. The Competent Authority may also order the bank to adjust its financial ratios to meet the requirements set forth in Article 69 herein. Banks already having branches in Taiwan Area are not allowed to establish more branches.If the application under Paragraph 1 hereof is disapproved by the Competent Authority, the Competent Authority will annul the approval for establishment of representative office or branch of the bank.