The Banking Act of The Republic of China Article 127-1

Where a bank violates Articles 32, 33, or 33-2, violates the preceding three articles when applying Article 33-4, Paragraph 1 or violates Article 91-1, its acting responsible persons shall be sentenced to imprisonment for not more than three (3) years, detention, and/or a criminal fine of not less than five million New Taiwan Dollars (NT$ 5,000,000) and not more than twenty-five million New Taiwan Dollars (NT$25,000,000).Where the amount of a credits extended by a bank exceeds the amount prescribed by the competent authority in accordance with Article 33 or the direct investment in a manufacturing business is made under Article 91-1 without obtaining the consent from not less than three quarters of the directors present in the board meeting at which not less than two-thirds of the directors are present, violates the credit limit or total credit balance prescribed by the competent authority in accordance with Article 33, Paragraph 2 or violates Article 91-1 which prescribes that the total investment balance shall not exceed five percent (5%) of the bank's net worth in the preceding fiscal year, the acting responsible person shall be fined an administrative fine of not less than two million New Taiwan Dollars (NT$2,000,000) and not more than fifty million New Taiwan Dollars (NT$50,000,000) and the preceding paragraph shall not apply.Where a foreign bank violates Article 123 which refers to Articles 32, 33, 33-2 or 33-4, the acting responsible person shall be punished in accordance with the preceding two paragraphs.The preceding three paragraphs shall apply to acting responsible persons who commit the offenses outside the territory of the Republic of China.