Regulations Governing the Banking Activity and the Establishment and the Investment by Financial Institution Between the Taiwan Area and the Mainland Area Article 83

Where a financial institution in Taiwan Area under Paragraph 2 of Article 72 herein has equity investment from a third-area juristic person, organization or other institution and the equity structure of such third-area juristic person, organization or other institution changes later on that results in individuals, juristic persons, organizations, other institutions in Mainland Area, or their overseas branches owning more than 30 percent of its total voting shares outstanding or total capital or having controlling power over it, such financial institution shall submit relevant documents to the Competent Authority for approval.If the application under the preceding paragraph is rejected by the Competent Authority, the Competent Authority will annul the approval for the investment of said third-area juristic person, organization or other institution.If the application under Paragraph 1 hereof is approved by the Competent Authority, when the person assigned by the third-area juristic person, organization or other institution to act as a director of the invested financial institution in Taiwan Area is a Mainland individual, the financial institution in Taiwan Area shall comply withthe provisions set forth in Paragraph 1 of Article 75 herein.The invested financial institution in Taiwan Area in Paragraph 1 hereof shall input the shareholding information of individuals, juristic persons, organizations, other institutions in Mainland Area or their overseas branches into an information reporting system designated by the Competent Authority, and update such information when changes occur.